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,

Trump appears to be testing the market’s tolerance for short-term pain while promising long-term gain — with the economy hanging in the balance.

US stocks opened sharply lower Monday after President Donald Trump said the US economy would see “a period of transition” and refused to rule out a recession, in an interview that aired Sunday.