Friday, August 16, 2019
MANCHESTER, N.H. (AP) — President Donald Trump sought to reassure his supporters about the state of the U.S. economy despite the stock market volatility and told rallygoers in New Hampshire, a state that he hopes to capture in 2020, that their financial security depends on his reelection.
"Whether you love me or hate me you have to vote for me," Trump said.
Speaking to a boisterous crowd at Southern New Hampshire University Arena, Trump dismissed the heightened fears about the U.S. economy and a 3 percent drop Wednesday in the Dow Jones Industrial Average, which was fueled by a slowing global economy and a development in the bond market that has predicted previous recessions. Avoiding an economic slump is critical to Trump's reelection hopes.
"The United States right now has the hottest economy anywhere in the world," Trump said.
Trump, who reached the White House by promising to bring about a historic economic boom, claimed, as he often does, that the markets would have crashed if he had lost his 2016 bid for the presidency. And he warned that if he is defeated in 2020, Americans' 401(k) retirement accounts will go "down the tubes."
The Republican president also defended his tactics on trade with China. He has imposed 25 percent tariffs on $250 billion of imports from China and has threatened to hit the remaining $300 billion worth of Chinese imports with 10 percent tariffs. He has delayed that increase on about half of those items to avoid raising prices for U.S. holiday shoppers. He said China wants to make a trade deal with the U.S. because it's costing the country millions of jobs, but he claimed that the U.S. doesn't need to be in a hurry.
"I don't think we're ready to make a deal," Trump said.
Trump's rally was the first since mass shootings in El Paso, Texas, and Dayton, Ohio, killed 31 people and wounded dozens more. The shootings have reignited calls for Congress to take immediate action to reduce gun violence. Trump said the U.S. can't make it more difficult for law-abiding citizens to protect themselves, but he advocated for expanding the number of facilities to house the mentally ill without saying how he would pay for it.