America

Trump says stock markets will crash if he loses election

Published

5 years ago

February 25, 2020

NEWSVERGE

Trump signs measure to permanently extend compensation for Sept. 11 responders

U.S. President Donald Trump said on Tuesday that the U.S. stock market would crash if he lost the election this year.

During a trip to India, Trump told business leaders that stocks would jump higher if he was re-elected, adding:“but if I don’t win you’re going to see a crash like you’ve never seen before.”

He said that his administration planned to announce tax cuts for the middle class in the not too distant future.

Trump also said that Monday’s steep fall in share prices was bad because of fears of the coronavirus, but that the U.S. was in good shape in terms of tackling the problem.

He said that Chinese President Xi Jinping was working hard on the issue, adding: “And I think it is going to be under control.

“I think it is going to work out fine. We hope so.”

Related Topics:

Up Next

COVID-19: More new cases outside China – WHO

Don't Miss

Donald and Melania Trump visit Taj Mahal, India’s monument to love

NEWSVERGE

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.