Major stock indexes plummeted Monday as the selloff continued from last week amid fears of a recession because of a U.S. trade war with other countries and other worrying economic news with Donald Trump as U.

Stock markets dropped on Monday as investors fretted over the impact of President Donald Trump's trade policies on the economic growth of the United States.

The US stock market has taken another hit following President Donald Trump's refusal to rule out a recession with the Dow plummeting more than 300 when trading opened this morning. Investors continued to be spooked by the trade war launched by the White House with tariffs of up to 25 per cent hitting Canada,

US stocks plunged Monday, continuing a steep selloff driven by concerns about the impact of President Donald Trump’s tariffs on economic growth.

In an interview that aired Sunday, the president demurred when asked if there were reassurances he could provide to businesses seeking more clarity on tariffs.

President Trump refused to rule out the possibility that his economic policies, including aggressive tariffs, could lead to a recession. In an interview with Fox News, he acknowledged a “period of transition” but insisted that his policies would ultimately benefit the economy.

Commerce Secretary Lutnick declared Sunday on NBC's "Meet The Press" that Trump's tariffs will "absolutely not" trigger a recession in the U.S. economy. "There's going to be no recession in America. What there's going to be is global tariffs are going to come down,

Commerce Sec. Howard Lutnick said that Americans should "absolutely not" brace for a recession as President Donald Trump plans to implement far-reaching tariffs.

Commerce Sec. Howard Lutnick shot down the possibility of a forthcoming recession in America, in an interview on NBC News’s “Meet the Press” on Sunday. “Absolutely not,” Lutnick said when asked whether Americans should brace for a recession.