Stocks plunged Friday after President Trump floated a 35% tariff on Canadian goods not governed by the USMCA trade pact — while threatening a new dictated levy on the European Union. The Dow Jones Industrial Average fell 279 points,

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

President Trump says he'll send out tariff letters to other countries starting Monday, but this is the real deadline. Elon Musk is forming a political party. Tesla rival Uber leads five stocks in buy zones.

Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.

A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.

Canola producers must still navigate the U.S. trade dispute, Chinese tariffs on canola products and poor growing conditions in parts of Alberta.

The move comes amid a separate push by President Trump to increase tariffs on dozens of U.S. trading partners, including Mexico, which was told over the weekend to expect 30% tariffs starting in August.