Trump says US took ‘giant step back in history’ after Democrats’ midterm victory

File photo: Trump blames midterm result for $3 trillion market crash, vows to return 'bigger and stronger' US president Donald Trump has blamed the Democrats’ sweeping victory in the midterm elections for a $3 trillion wipeout in stock market value, saying America had “taken a giant step back in history” but promising that his party would return “bigger and stronger than ever before”.In a post on Truth Social, Trump said the market had suffered a one-day loss of $3 trillion despite having performed like a “rocketship” under his presidency.“America took a giant step back in History with the results of the last Election — Even the Stock Market, which has been a ‘ROCKETSHIP’ under ‘TRUMP,’ took a one day, 3 Trillion Dollar loss,” he wrote, before adding: “But have no fear, we will be back, BIGGER AND STRONGER THAN EVER BEFORE!”It was not the first time Trump had attributed the market decline to the Democratic victory. Speaking to reporters in Florida on Friday, he said the US had lost about $3 trillion after investors learnt that Democrats had performed well in the election, adding that the development was also linked to his administration’s position on Iran’s nuclear programme.“We lo...