US stocks tumbled Monday, continuing a steep sell-off driven by concerns about the impact of President Donald Trump’s tariffs on economic growth. All three major indexes opened sharply lower Monday after Trump said the US economy would see “a period of transition” and refused to rule out a recession,

U.S. stocks opened lower on fears a trade war will lead to a recession. On Sunday, Trump declined to rule out that possibility.

U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession. The Dow Jones Industrial Average fell 515 points,