Wall Street sell-off worsens amid tariff concerns [Video]

Wall Street experienced another tough day as the sell-off worsened amid concerns over President Trump’s tariffs and after he didn’t rule out a recession.A White House official downplayed the worries on Monday, saying confidence from business leaders is still high, but some economists are concerned about a potential recession as a trade war with America’s biggest trading partners intensifies.China’s retaliatory 15% tariff on U.S. farm products went into effect Monday.”Just the fact that farmers are likely to have lower income because of tariffs really hurts our farm manufacturers here,” said Aaron Lehman, president of the Iowa Farmers Union. The leader of Canada’s most populous province announced they are now charging 1.5 million Americans 25% more for electricity.”Canadians love Americans. I love Americans. It’s one person that’s caused this problem, and that’s President Trump,” said Doug Ford, premier of Ontario. The Trump administration is doubling down, with Commerce Secretary Howard Lutnick …