UNITED STATES (OBSERVATORY NEWS) — The US stock market will collapse if Trump loses the presidential election in 2020, current US President Donald Trump said, reports Reuters.
During a trip to India, Trump said that stocks of business leaders will jump higher if he is reelected, but “if I don’t win (the election), you will see a collapse that you have never seen.”
According to Trump, his administration plans to announce a tax cut for the middle class in the near future.
In addition, Donald Trump said that the sharp drop in US markets was due to concerns about the spread of coronavirus, but the United States can deal with this problem.
He said that Chinese Prime Minister Xi Jinping is working hard on this issue.
“And I think that everything will be under control … I think that everything will be fine. We hope so,” Trump said.
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