CNN —
US stock market futures plunged Sunday, one day after President Donald Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China set to go into effect on Tuesday.
Dow futures were down 1.4%, or over 600 points, while S&P 500 futures dropped 1.9%. The futures traded for tech-heavy Nasdaq Composite were down 2.4% as of 6:36 p.m. ET. Bitcoin was also down 3.5% over the last 24 hours.
The sharp selloff in the futures market implies the indexes will also open substantially lower when trading kicks off Monday at
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