U.S. President Donald Trump defended his use of tariffs and said they could multiply as he met on Tuesday with the CEOs of America's biggest companies, many of whom have watched their market value crater over recession and inflation fears.

U.S. President Donald Trump will meet the CEOs of America's biggest companies on Tuesday, many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment.

Stock markets dropped on Monday as investors fretted over the impact of President Donald Trump's trade policies on the economic growth of the United States. "Risk sentiment has soured as investors react to President Trump's various tariff announcements and as the US economic outlook begins to cloud over,

Business leaders will be seeking reassurance from a leader who once put great stock in market growth as a measure of presidential performance — but for whom all the talk of late has been of “disturbance” and a “period of transition.

President Donald Trump downplayed a sharp market selloff spurred by worries that his tariff agenda will drag the world’s largest economy into a downturn, saying he did not foresee the US going into a recession.