Trump Uses Market Meltdown To Illustrate American Reliance On China


Trump Uses Market Meltdown To Illustrate American Reliance On China

Republican presidential hopeful Donald Trump took today's global stock market correction as an opportunity to confront America about its complicated relationship with China.

“As I have long stated, we are so tied in with China and Asia that their markets are now taking the U.S. market down. Get smart U.S.A.,” Trump tweeted.

He continued with “Markets are crashing — all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump".

Turning to Instagram he posted a short video in which he said “I’ve been telling everybody for a long time: China is taking our jobs, they’re taking our money, be careful, they’ll bring us down. You have to know what you’re doing. We have nobody that has a clue.”

Trump, who has yet to release specific policy proposals other than his controversial immigration plan, didn't reveal any hints on how he would deal with the economy, but he did engage in some tweeting with some of his followers on the subject.

“@john_franco: When people start losing their savings & home value, they will be begging Trump to fix the economy #MakeAmericaGreatAgain.” and “Perhaps so!” when another Tweeter asked if he was the only person who could save the country from economic "turmoil".

The Chinese stock market posted its worst day in eight years on what Xinhua, China's official state news agency, called “Black Monday.”

Stock markets around the globe reacted by driving stock prices down. The Dow Jones Industrial Average immediately dropped more than 1,000 points when the New York Stock Exchange opened this morning, before recovering after a day of drama, to end down just 150 points.

Trump wasn't the only presidential candidate to jump on the Wall Street wagon.

Democratic candidate Bernie Sanders tweeted “For the past 40 years, Wall Street and the billionaire class have rigged the rules to redistribute wealth to the richest among us“, followed by "We need banks that invest in the job-creating economy. We don’t need more speculation with the American economy hanging in the balance.”

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