Trump races to save his reelection bid from coronavirus

Economic fallout poses risk to incumbent, analysts warn

20200312N trump (REUTERS)

U.S. President Donald Trump meets with bankers to discuss a COVID-19 response at the White House on March 11. © Reuters

ALEX FANG, Nikkei staff writer

NEW YORK -- The coronavirus outbreak, which started in China and has disrupted business and markets worldwide, is emerging as a black swan event that potentially could deal a serious blow to U.S. President Donald Trump's reelection prospects.

The New York Stock Exchange saw its circuit breaker triggered for the second time this week on Thursday morning following a massive sell-off. This came one day after the Dow Jones Industrial Average entered bear market territory, signaling turbulent times ahead for the American economy as the country just begins to grapple with the outbreak on its shores.

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