Trump says Dow would be 10\,000 points higher without trade war

Donald Trump said his trade war with China has hurt the performance of the US stock market, but that he had to confront the country’s economic practices. “Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is right now but somebody had to do this,” the president told reporters at the White House on Wednesday. “It was out of control and they were out of control.”

“We’ll see what happens, if they want to make a deal, they’ll make a deal, if they don’t want to make a deal, that’s fine,” he said.

Trump declined to say whether Chinese negotiators will visit Washington this month.

Trump has previously said the Dow would be 10,000 points higher if the US Federal Reserve hadn’t raised interest rates last year. Trump routinely criticizes Fed Chairman Jerome Powell.