Indexes fall as Trump tariffs take effect

News Snapshot:

People work on the floor at the New York Stock Exchange in New York, Thursday, Feb. 27, 2025. (AP Photo/Seth Wenig) North American markets dropped at Tuesday’s open after sweeping tariffs on Canada, Mexico and China were imposed by U.S. President Donald Trump’s administration at 12:01 EST. The S&P 500 Index was down nearly one per cent in New York as of 9:30 a.m. EST, while in Toronto, the S&P/TSX Composite Index fell by more than 1.5 per cent. This is a breaking news update. AP’s earlier story follows below BANGKOK — Wall Street lost momentum before the opening bell...