The markets are plunging as President Donald Trump doubles down on tariffs.

Experts say the markets have lost $6 trillion in two days.

And the DOW is already down over 1,000 points in early trading.

Analysts say the reason is sweeping new tariffs from President Trump.

Republican Rep. Don Bacon says he'll introduce a bill today that would rein in Trump's tariff powers.

He says it faces a tough road in the House -- but might get enough bipartisan votes to pass in the Senate.

Without anything to stop them -- the Trump administration says new tariffs will be sticking around.

There were back to back selloffs in the markets last week.

"I went back and I looked for drops of 15% with a president who was inheriting a bull market. There's only one dude on your screen. It's Donald John Trump," said CNN Chief Data Analyst Harry Enten.

The president responded to market volatility saying, "I don't want anything to go down, but sometimes you have to take medicine to fix something."

A universal 10% tariff on all imports went into effect Saturday.

This Wednesday, additional tariffs on products from dozens of countries are set to begin.

If the markets continue to tumble, they may implement a trading halt which is an intentional temporary pause in trading activity.