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’s acknowledgment of economic turbulence was a reversal from previous cheering of his policies, and it contrasted with reassurances from his own advisers Sunday.