Trump Announces Start of 25% Tariffs on Mexican and Canadian Imports on Tuesday, No Delay Allowed

Nvidia's shares dropped almost 9% on Monday following President Donald Trump's announcement that tariffs from Canada and Mexico would be implemented on Tuesday. As a result, Nvidia's market capitalization declined by $265 billion, settling at $2.79 trillion after Monday's losses. The combination of tariff worries and concerns about AI has caused Nvidia's stock to decrease by 18% since February 19, 2025.