US shares drop sharply after Trump refuses to rule out recession

US shares fell sharply again on Monday amid uncertainty in the American economy, with President Donald Trump refusing to rule out a recession. Tesla shares plunged by at least 15% to $222 – meaning it has lost more than half its value since its peak at $479.86 on 17 December. The Nasdaq Composite closed down more than 4% on Monday, while the S&P 500 slumped about 2.7% – its biggest daily percentage drop since 18 December. It comes amid US trade fights with Canada and Mexico through on-off tariffs of up to 25%. China has also been targeted and the…