Trump faces ‘black swan’ threat to the economy and reelection

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Trump faces ‘black swan’ threat to the economy and reelection
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Even Trump‘s leading allies acknowledge the deadly coronavirus could present an existential political threat for the president in an election year

now in the United States are confirmed to have contracted the virus, almost entirely overseas.

With the possibility of a U.S. outbreak growing by the day, Trump allies and advisers have grown increasingly worried that a botched coronavirus response will hit the U.S. economy. Even Donald Trump Jr. has mused to associates he hopes the White House does not screw up the response and put the president’s best reelection message at risk, said two individuals with knowledge of his comments.

“Trump’s reelection effort is so closely tied to the strength of the stock market and the economy,” said Moore, a distinguished visiting fellow at the Heritage Foundation and 2016 Trump campaign adviser. “Anything that shakes us off of that pro-growth track is a concern, but I think the view of officials in the White House is that this will be contained.

Meanwhile, officials like acting chief of staff Mick Mulvaney and domestic policy chief Joe Grogan have turned their fire on HHS Secretary Alex Azar, who’s leading the coronavirus response, arguing that Azar has poorly coordinated the strategy, failed to escalate the potential risks to Trump and pushed for a multibillion-dollar

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