Markets sold off on Monday as investors digested Donald Trump's tariff announcements on Mexico, Canada, and China.

Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose earlier in the day.

Cryptocurrency prices slid on Monday as the risk of a trade war spooked investors and caused a selloff across financial markets.

U.S. President Donald Trump has imposed sweeping tariffs on Canada, Mexico and China, triggering volatility in the commodity and energy markets. The move includes a 25% tariff on Canadian and Mexican exports and a 10% levy on Chinese imports,

President Donald Trump’s weekend announcement of tariffs on Mexico, Canada and China translated into a shock for market-based inflation expectations, prompting traders to now expect an annual headline rate from the consumer-price index that’s closer to 3% for much of 2025.

U.S. stocks are volatile after President Trump imposed tariffs on Canada, Mexico and China over the weekend. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Stocks in Asia are set to rebound after President Donald Trump delayed US tariffs on Mexico and Canada for a month, and said he’d hold further talks with China.