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

Stock markets slumped Monday over concerns about the global economy after US President Donald Trump announced tariffs on Canada, China and Mexico. Wall Street’s three main indices fell sharply in early trading but clawed back ground after Trump postponed the introduction of tariffs on Mexico for one month.

By Yoruk Bahceli, Tom Westbrook, Naomi Rovnick and Chuck Mikolajczak LONDON/SINGAPORE/NEW YORK (Reuters) - Financial markets that had banked on avoiding trade wars are recalibrating the possibility of a sharp global slowdown,

NBC News' Brian Cheung and Gabe Gutierrez report on the impacts and reaction to President Trump's tariffs on Canada, Mexico and China and the president's talks with other nation's leaders.

Wall Street opened lower after Trump's tariffs on Mexico, Canada and China, sparking fears of trade wars that'll slow economies and ignite inflation.

Wall Street was set to drop at the open on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico,

Stock futures tumbled early Monday to kick off a new trading month, as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits.

The German and French stock markets were down about 2%, with shares in carmakers among the worst hit, while London's FTSE 100 dropped more 1%. The US dollar also strengthened on the currency markets,