Donald Trump claims China markets ‘crashed’ on Iowa caucus victory
- Donald Trump casts stock market drops as a sign China is worried about his return as US president
- The Republican front runner solidified his grip on the party with a record win in the Iowa caucuses
“I felt very badly for them. China had a crash yesterday in their stock market. You know why? Because I won Iowa,” Trump said Tuesday night while campaigning in New Hampshire, the next state in the Republican nomination calendar. “Literally, as soon as those numbers started coming in yesterday, they had a crash - of big - one of the worst numbers that they’ve had in years.”
Trump said that highlighted Beijing’s concerns that he would take a tougher approach to US-China ties even as he characterised his relationship with Chinese President Xi Jinping as “great”.
“I love China. I love everybody but they can’t take advantage of us,” he continued. “That tells you what it’s about. If I get in they know it’s not going to be so good for them.”
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Trump clinches Iowa caucus as he seeks third consecutive nomination for US presidential election
The Nasdaq Golden Dragon China Index, a gauge tracking Chinese companies listed in the US, fell 3.8 per cent overnight to the lowest level since November 2022. Chinese electric vehicle maker Nio Inc. and Internet giant Baidu Inc. were among the biggest losers.