Electric-vehicle maker Tesla and traditional auto manufacturers General Motors and Ford tumble following the 25% tariffs on Mexican and Canadian imports announced by the White House, chip makers Nvidia and Broadcom slump as both have heavy exposure to China,

The U.S. stock market sold off Monday as Wall Street digested President Donald Trump’s tariffs on Canadian, Chinese and Mexican goods set to go into effect Tuesday, though much of the losses were concentrated in Michigan’s auto sector and Silicon Valley.