Wall Street in tailspin as Trump tariffs on Canada, Mexico and China take effect

1. Trump's tariffs on China, Canada, Mexico sparked a market drop. 2. S&P 500 fell 1.6%, Dow decreased 560 points due to tariff concerns. 3. Companies with supply chains in North America particularly affected. 4. Volatility index spiked, indicating increased market anxiety. 5. Steel manufacturers benefitted from tariff announcements, reflecting market shifts.