President Donald Trump still believes his ever-evolving plan for global trade will be "great for us," but "it takes a little time."

U.S. stocks dropped on Tuesday, extending losses suffered a day earlier amid a fresh round of tariffs on Canada and concern about a possible recession. The Dow Jones Industrial Average closed down about 475 points,

President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda.

That’s when the highest inflation in generations was shredding budgets and raising worries about a possible recession that ultimately never came. The Dow Jones Industrial Average dropped 890 points, or 2.

The U.S. stock market's sell-off is cutting deeper Monday, and it's flirting with its worst day in years as Wall Street questions how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants.