Tesla was particularly battered as it joined Apple (-3%) and Nvidia (-3%), as American multinational companies with the highest proportion of sales in China.

The stock market fell on Monday after President Donald Trump slapped tariffs on Canada, Mexico and China, eliciting threats of retaliation and setting the stage for a trade war. Traders demonstrated their jitters with a selloff of U.

President Trump’s imposition of new U.S. tariffs on imports from China, Mexico and Canada drove down stocks across the board Monday, with shares of media companies falling as investors grappled with America’s new trade wars.