Fears over a Chinese economic slump caused a bloodbath in American markets on Monday and Donald Trump is saying 'told you so.' The Republican presidential frontrunner restated his take on the Chinese role in America's economy on Twitter after the Dow Jones Industrial Average plummeted 1,000 points after the opening bell. '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,' Trump wrote after the record 1-day loss. Trump continued: 'Get smart U.S.A.' The rout in U.S. equities followed an 8.5 percent decline in Chinese markets, which sparked a selloff in global stocks along with oil and other commodities.Fears over a Chinese economic slump caused a bloodbath in American markets on Monday and Donald Trump is saying 'I told you so'He restated his stand against the Chinese role in America's economy on Twitter after the Dow Jones Industrial Average plummeted 1,000 points'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,' Trump wroteThe Dow had a brief recovery to 300 points below Friday's close before dropping again 588 points down by closing bell
And Blinder says the U.S. should do more to retrain _ workers who lose their jobs to foreign competition.