Shares of companies spanning the auto, industrial, retail and beverage industries with international supply chains were hit particularly hard.Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada,

General Motors and a few other companies make as much as 40 percent of their North American cars and trucks in Canada and Mexico, leaving them vulnerable to tariffs.

Sheinbaum and officials in her administration have suggested Mexico would retaliate if Trump implemented tariffs with a set of their own on U.S. exports, and warned that such tit-for-tat measures would cause enormous economic losses for both countries.