The Dow Jones is down 729 points in late morning trade.
The Nasdaq, S&P 500 and Russell 2000 are also drooping.
Broadcasters are lower, most exhibitors are taking a hit.
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A few stocks clinging to gains include Warner Bros.
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President Trump also doubled his recent tariffs on China to 20%.
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All three countries which are Americas top three U.S. trading partners are retaliating.
Mexico said it will announce countermeasures on Sunday.
Canada imposed 25% tariffs on $30 billion worth of U.S. goods.
Prime Minister Justin Trudeau said would expand to $125 billion in 21 days.
He didnt specify which goods but will be having a press conference this afternoon.
China announced new retaliatory tariffs on a range of food and agricultural products.
Lawmakers need to get it together soon, or the economy will go from gagging to choking.
