The president’s strategy of publicly downplaying the threat the virus poses to the U.S. was undermined Monday as the Dow Jones industrial average shed more than 1,000 points.
As President Trump spent Monday sightseeing in India, the U.S. stock market plunged amid growing concerns about a deadly virus spreading quickly across continents — a split screen that brought into stark relief how the coronavirus is testing the White House and undercutting Trump’s central reelection message.
Minutes later, the president turned to retweeting posts about FBI surveillance, socialism and Republican fundraising. Major Republican donors are closely tracking developments and the political consequences not just of the coronavirus but the rise of Sen. Bernie Sanders in the Democratic presidential race. Those two issues, veteran GOP financier Spencer Zwick said, are now front and center for the party’s leading donors.
Navarro, who appeared on Fox Business Network on Monday, was one of the Trump allies who tried to calm the markets by arguing that the U.S. economy remains strong and that Trump is in command.
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