A trader works on the floor of the New York Stock Exchange in New York, the United States, on Feb. 19, 2025. (Xinhua/Liu Yanan)

NEWYORK, March3(Xinhua) -- U.S. stocks slumped on Monday afternoon as the United States is set to impose tariffs on imports from its major trading partners starting Tuesday.

The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all lost over 2 percent at one point in the afternoon session.