Trump says stock markets will crash if he loses the election

United States President Donald Trump inspects the guards of honor during the ceremonial reception in the forecourt of the Indian presidential palace Rashtrapati Bhavan in New Delhi, India on February 25, 2020. REUTERS / Al Drago

NEW DELHI (Reuters) – United States President Donald Trump said Tuesday that the U.S. stock market will collapse if it loses the election this year.

During a trip to India, Trump said entrepreneurs’ headlines will jump higher if he is re-elected, but “if I don’t win you will see an accident 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 Monday’s sharp drop in share prices was negative due to fears of the coronavirus, but the United States was in good shape to deal with the problem.

He said Chinese President Xi Jinping was working hard on the matter. “And I think it will be under control … I think it will work well. We hope so, ”said Trump.

Reporting by Steve Holland; Written by Sanjeev Miglani

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