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Tags: donald trump | stock market | china | down | twitter

Trump on Plunging Stock Market: China 'Will Bring Us Down'

Trump on Plunging Stock Market: China 'Will Bring Us Down'
(Wire services)

By    |   Monday, 24 August 2015 11:53 AM EDT

As financial markets are rattled, real estate mogul and presidential hopeful Donald Trump took to social media to remind the public how he's warned about the dangers of the Chinese economy for months, Talking Points Memo reported.

On Monday, the world stock markets plunged after China's main index sank 8.5 percent — a catastrophic event that is being referred to as "Black Monday" and, according to TPM, the biggest drop since the beginning of the financial crisis.

"China is taking our jobs, they're taking our money," Trump announce in an Instagram video. "Be careful, they [China] will bring us down."



While "#BlackMonday" is trending on Twitter, Trump also took to the Twittersphere:

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 also appeared Monday night on Fox News Channel's "The O'Reilly Factor," where he said that American businesses that have moved to China for cheaper labor costs now are being paid back with Chinese yuans that aren't worth as much.

"You know, the word strong dollar sounds good, but it's costing us a lot of money," Trump said. "There is some nice things about having a strong dollar, but there is some really bad things. And the No. 1 bad thing is we're not exporting anything."

Eventually, the balloon will pop, "and it's going to get very ugly," Trump said.

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Politics
As financial markets are rattled, real estate mogul and presidential hopeful Donald Trump took to social media to remind the public how he's warned about the dangers of the Chinese economy for months, Talking Points Memo reported.
donald trump, stock market, china, down, twitter
314
2015-53-24
Monday, 24 August 2015 11:53 AM
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