Stocks markets have fallen in the US and Asia over concerns about the negative economic impact of President Donald Trump’s tariffs.

It followed the president saying in a TV interview that the world’s biggest economy was in a “period of transition”, when asked about suggestions of a potential recession.

Since those remarks were broadcast on Sunday, top Trump officials and advisers have sought to calm investor fears.

“The previous notion of Trump being a stock market president is being re-evaluated,” said Charu Chanana, an investment strategist at investment bank Saxo told the BBC.

In a Fox News interview broadcast at the weekend but recorded on Thursday, Trump appeared to acknowledge concerns about the economy. “I hate to predict things like…