Things aren’t looking great for the US stock market as futures took a nosedive Sunday, just a day after President Donald Trump announced hefty tariffs on key trading partners. The new duties—25% on Canada and Mexico and 10% on China—are set to kick in Tuesday, and investors aren’t happy.

Dow futures dropped a whopping 1.4%, or over 600 points, while S&P 500 futures slid 1.9%. The tech-heavy Nasdaq didn’t fare any better, with futures down 2.4% by Sunday evening. Even Bitcoin felt the heat, losing 3.5% in the last 24 hours.

The sharp decline suggests a rocky start when trading resumes Monday morning. But it’s not just Wall Street feeling the pinch. Mexico and Canada wasted no time hitting back with their own tariffs, and China plans to file a complaint with the World Trade Organization.

Canada’s immediate tariffs will hit more than 1,200 US goods, from orange juice to steel, worth $30 billion. And in 21 days, another $125 billion in American products could face duties. For states like Florida, which sends fruits and veggies north of the border, this could spell trouble.

Currencies are also feeling the strain. The Mexican peso, Canadian dollar, and Chinese yuan all weakened against the US dollar shortly after the announcement.

Economists warn that everyday Americans might end up paying the price. With tariffs on key imports like groceries, gas, and cars, prices could spike across the board.

While the markets brace for impact, it’s clear this trade move is already stirring up tension—and uncertainty—on multiple fronts.