Trump warns of market crash if he loses in 2020. More here:
MANCHESTER, N.H. - President Donald Trump on Thursday defended his handling of the U.S. economy and trade war with China as recession fears have suddenly cast doubt on his central claim for re-election - that he has made the economy great again.
He said Chinese currency devaluations are “going to hurt them badly” over time and force Beijing to make concessions.Many analysts believe the tariffs he has imposed on Chinese products are responsible for a slowing of the U.S. economy because the increased costs are being passed on to American consumers. But Trump disagreed.U.S. President Donald Trump rallies with supporters in Manchester, New Hampshire U.S. August 15, 2019.
Trump lashed out at the leading Democratic contenders, saying he believed former Vice President Joe Biden might “limp across” the finish line and win the nomination fight.Some U.S. Treasury yields have hit record lows and the stock market has plunged in recent days over fears of a recession, undermining Trump’s claim that he has resuscitated the economy.
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