Trump warns of 'market crash' if he loses in 2020

President TrumpDonald John TrumpTrump suggests Sotomayor, Ginsburg should have to recuse themselves on 'Trump related' cases Sanders says idea he can't work with Republicans is 'total nonsense' Sanders releases list of how to pay for his proposals MORE asserted on Saturday there would be dire economic consequences should he lose the 2020 presidential race, leaning into his reelection slogan, "Keep America Great."

“The Trump Economy is setting records, and has a long way up to go....However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT,” he tweeted. 

Trump has leveraged a strong economy to help boost him in the 2020 race, though polling shows him trailing former Vice President Joe BidenJoe BidenSanders defends Castro comments in wake of backlash from some Democrats Klobuchar releases medical report that says she's in 'very good health' Candidates face pressure to exit presidential race MORE, Sen. Bernie SandersBernie SandersSanders says idea he can't work with Republicans is 'total nonsense' Sanders defends Castro comments in wake of backlash from some Democrats Sanders releases list of how to pay for his proposals MORE (I-Vt.), Sen. Kamala HarrisKamala Devi HarrisThis week: House to vote on legislation to make lynching a federal hate crime Juan Williams: Black votes matter Clyburn: Biden 'suffered' from not doing 'enough' in early debates MORE (D-Calif.) and other Democrats in a handful of crucial swing states.

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Several Democratic contenders have put forth plans to reduce income inequality and say that other platforms will be paid for in part by revoking Trump’s tax cut plan that was passed in 2017.

The White House often touts record-low unemployment rates and strong job growth, but economists fear the administration’s multifront trade war could take a bite out of any economic gains.

A top Federal Reserve official said earlier this month that the central bank may be forced to cut interest rates this year if economic growth slows and inflation remains low, noting that the economy “is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty.”

The White House has maintained that tariffs are an effective tool to combat historical trade imbalances, though the levies are often ultimately paid by American consumers who buy foreign products.

Trump escalated his criticism of Federal Reserve Chairman Jerome Powell over previous rate hikes in an interview broadcast Friday, saying he has "waited long enough" for the Fed to cut interest rates.