Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 lost 0.8% Monday.

U. stocks slid sharply after President Trump unveiled sweeping 25–40% tariffs on imports from 14 countries, including Japan and South Korea. Tesla shares nosedived after Elon Musk launched a new political party,

Elon Musk’s announcement of launching his own political outfit, the "America Party", sent Tesla shares tumbling 7%, their steepest one-day fall in a month