When it comes to the leading investment banks, Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) are often placed in the top five spots. Both are powerhouses for deals but also cater to different clientele with different risk appetites.

Traders are shocked that a president who said he would place tariffs on countries with whom the U.S. has notable trade deficits has put tariffs on some of those countries. After Canada, Mexico and China,

Stock futures tumbled early Monday to kick off a new trading month, as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits.

Stocks face the prospect of a global trade war following a sweeping series of tariffs put in place by President Donald Trump.

KEY TAKEAWAYS U.S. stock futures are tanking after the Trump administration imposed tariffs on goods from Mexico, Canada, and China that are due to take effect Tuesday.Shares of automakers, which assemble vehicles in Canada and Mexico and import parts from China,