Dow Jones Craters 800 Points On Recession Warning

USA Today reports:

As financial markets tumbled Wednesday over concerns about international trade, President Donald Trump took to Twitter to defend his administration’s tariff war with China and to take his latest swipe at the nation’s central bank.

“We are winning, big time, against China,” Trump wrote on Twitter, despite few signs of progress in negotiating a new trade agreement with Beijing. “Prices to us have not gone up, and in some cases, have come down.”

The president’s remarks, which he made during his August break in Bedminster, N.J., came as markets fell sharply for the second time this week. The Dow Jones Industrial Average had lost 800 points, or 3.05% when the closing bell rang.