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Business News/ News / World/  Donald Trump says stock markets will crash if he loses election
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Donald Trump says stock markets will crash if he loses election

Donald Trump also said that Monday's steep fall in share prices was bad because of fears of the coronavirus
  • Donald Trump said his administration planned to announce tax cuts for the middle class in the not too distant future
  • US President Donald Trump (Photo: AP)Premium
    US President Donald Trump (Photo: AP)

    US President Donald Trump said on Tuesday the US stock market will crash if he loses the election this year.

    Trump told business leaders stocks will jump higher if he is re-elected, but "if I don’t win you’re going to see a crash like you’ve never seen before."

    He said 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 the United States was in good shape in terms of tackling the problem.

    He said Chinese President Xi Jinping was working hard on the issue. "And I think it is going to be under control ... I think it is going to work out fine. We hope so," trump said.

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    Published: 25 Feb 2020, 04:58 PM IST
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