President Trump’s top White House economist downplayed Monday’s stock-market wipeout as “blips in the data” — one day after the commander in chief declined to rule out a possible recession as he slaps tariffs on America’s three leading trade partners.

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

President Trump declined in a new interview to rule out the possibility that his economic policies would cause a recession. The Morning Joe panel discusses.