President Trump delayed tariffs on Mexico and Canada, but imposed 10% levies on China, prompting Beijing to retaliate. Follow along for live updates on stocks and markets, including the Dow Jones Industrial Average,

AM EST With a threat of tariffs on European imports to the U.S. looming, markets in the continent were also hit with by a selloff with the Euro STOXX 50 Index sliding 1.6% while the London Stock Exchange’s FTSE 100 Index fell 1.

European shares slid on Monday, joining a worldwide selloff driven by concern that U.S. President Donald Trump's tariffs on Canada, Mexico and China are just the opening salvo in a global trade war that would curb economic growth internationally.

The Trump administration’s proposed tariffs jolted global markets Monday, driving huge swings in stocks around the world. President Trump’s weekend threat to place tariffs on goods imported from Mexico,