Donald Trump has been slammed over comments he made before becoming US President for the second time.
When rallying support before the election, Trump was adamant that the US would be economically stronger with him at the helm. In footage captured at various events, he said: “If I lose, you’re going to have a crash like you wouldn’t believe.”
During another speech, he said: “I think it’s going to be 1929 Depression if I don’t win.” And in a third, he predicted: “If Harris wins this election it will be a Kamala economic crash.”
These remarks seem pretty ironic now that Trump has slapped countries around the wold with tariffs. The President has imposed “baseline” taxes on imported goods, sparking chaos.
There were fears that that ‘Black Monday’ of 1987 would repeat itself as more than $6.4 trillion was wiped off global markets and over $128.2 billion vanished from the FTSE 100 in minutes.
Given Trump seemed so confident about boosting the economy, people have been mercilessly mocking him. The Jimmy Kimmel Live TikTok page even got in on the fun.
It posted a montage of some of Trump’s bonkers predictions – and added: “Remember when Trump said the economy would crash if he didn’t win?”.
The clip has garnered hundreds of likes – and also prompted people to share their thoughts. One sarcastically said: “He was half right. The stock market is crashing but he was wrong about what would cause it. Thanks Trump.”
Another joked: “Donald Trump… more crashes than Mario Kart.” And a third asked: “Do I have any money left? Afraid to look.”
Despite the backlash, Trump seems confident in his decision that he deems necessary. He declared: “Sometimes, you have to take medicine to fix something.”
There are also some signs of recovery. The FTSE 100 was up more than 100 points in early trading on Tuesday – a day after the blue chip index suffered another big fall. Despite the partial fightback, it also remains more than 700 points down on where it was early last week, just before President Trump dropped his global tariff bombshell.
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But we’re not out of the woods yet. Chris Beauchamp, chief market analyst at online trading platform IG, said: “It was almost inevitable that risk appetite would recover somewhat after the cataclysmic selling and doom-laden commentary of the past week. Stocks have rallied off their lows as investors seize on comments that indicate negotiations over tariffs are beginning.
“Sentiment remains fragile, and with China pledging to fight ‘to the end’ and the EU announcing fresh tariffs (albeit delayed for now) we are not out of the woods yet.”
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