Can Trump Take Credit for the Stock Markets?

Trump says stock markets will crash if he loses forthcoming election
President Donald Trump in a press conference in Delhi. Source: Reuters
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Daily US Times, Delhi: President Trump said on Tuesday that if he loses the forthcoming US presidential election in November, the stock markets will “crash as nobody has seen before”.

US stocks plummeted last night with Dow Jones down over 1,000 points as a spike in new coronavirus cases beyond China spooked investors, what Trump described as ”just one bad day”.

The president made this comment while he was visiting in his first official trip to India.

He was asked about the coronavirus outbreak and replied “We are watching the virus situation carefully and have spoken to Chinese President Xi Jinping. We are also spending a tremendous amount on coronavirus effort.”

“China is working very very hard, I have spoken to President Xi they are working very hard. They had a rough patch and right now it seems they are getting it under control, they are getting it more and more under control so I think it is a problem that is going to go away,” Trump said.

Coronavirus: US plans to spend about $2.5 billion

President Trump said the US plans to spend about $2.5 billion in fighting the deadly coronavirus.

On Tuesday, the last day of his two-day visit to India, Trump joined a roundtable meeting with top Indian businessmen including Reliance Industries Chairman Mukesh Ambani, Tata Sons Chairman N Chandrasekaran, Mahindra Group Chairman Anand Mahindra, and Aditya Birla Group Chairman Kumar Mangalam Birla.

The time Trump is visiting India, a protest against CAA turned so violent that killed at least 7 people in Delhi. In a press conference today, Trump said he did not discuss “individual attacks” and those were “up to India”.

“We did talk about religious freedom. I will say that the Prime Minister was incredible and he told me that he wants people to have religious freedom.

He told me that in India they have worked very hard to have great and open religious freedom. If we look back and look at what’s going relative to other places…they have really worked hard on religious freedom,” Mr. Trump said.

When he was asked about his position on the Citizenship Amendment Act (CAA), the US President said, I don’t want to say anything on that. It is up to India. I hope it will take the right decision for its people.”

Can Trump Take Credit for the Stock Markets?

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