US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs.

The stock market opened with steep losses Monday in the wake of President Donald Trump’s aggressive new tariffs on Canadian, Mexican and Chinese goods. Mark Pancratz with Axiom Weather Management shares what people need to know.

Over the weekend, President Donald Trump said the U.S. will levy 25% tariffs on Mexico and Canada and 10% tariffs on China. Stock market losses ranged from 1.4% to 2.5% in early trading Monday.

On Monday, Trump separately struck deals with Mexico and Canada to postpone the implementation of 25% tariffs on each country, which were set to take effect on Tuesday. Both US neighbors agreed to send more troops to their borders with the US, among other actions, to buy time to negotiate over trade.

Major U.S. stock indexes opened lower Monday after President Donald Trump's tariffs on Canada, Mexico and China triggered a trade war.

Soon after a market decline began early Monday morning, Trump paused the tariffs on Mexico for one month following a conversation with Mexican President Claudia Sheinbaum, prompti

Stock markets slumped Monday over concerns about the global economy after US President Donald Trump announced tariffs on Canada, China and Mexico.