Dow futures tumbled 200 points, or 0.9 percent, on Thursday night after President Trump announced the U.S. will impose a 5 percent tariff on Mexican imports beginning June 10.
S&P 500 futures dropped 0.8 percent, while Nasdaq futures plummeted 0.9 percent and the Mexican peso fell 2 percent against the U.S. dollar, CNN reports. Mexico is among the United States' biggest trading partners, and the U.S. Chamber of Commerce estimates at least six million jobs are tied to trade with Mexico.
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