Stock markets across the US have taken a significant hit over concerns about the negative economic impact of President Donald Trump's tariffs.

After the President refused to rule out a recession, the S&P 500 dropped 2.7 percent, the Nasdaq fell 4 percent and the Dow Jones Industrial Average dropped 2 percent.

Infometrics Principal Economist Brad Olsen says US markets have a right to be worried following Trump's comments. 

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Stock markets across the US have taken a significant hit over concerns about the negative economic impact of President Donald Trump's tariffs.
After the President refused to rule out a recession, the S&amp;P 500 dropped 2.7 percent, the Nasdaq fell 4 percent and the Dow Jones Industrial Average dropped 2 percent.
Infometrics Principal Economist Brad Olsen says US markets have a right to be worried following Trump's comments.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Brad Olsen: Infometrics Principal Economist on the market's response to Donald Trump's comments about the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/791d5468-a616-4db5-8056-b29d0074a504/transcript