That day, China's benchmark Shanghai Composite Index suffered its biggest percentage decline since February 2007, sinking 8.5%. China's woes quickly rippled their way across the Pacific, where the Dow crashed more than 1,000 points just after the opening bell. The S&P 500 fell as well, down 120 points; the Nasdaq lost 393 points.
Trump, who is currently top contender for the GOP presidential nomination, has never been shy about his position on China. He has accused the country of stealing American jobs and manipulating its currency, noted Inquisitr.com on Aug. 24.
And so amid the sell-off mayhem, the real estate mogul took to social media to remind everyone that he tried to warn them...
Donald Trump Makes His Case on Social Media
Here's what Trump posted to Instagram on Black Monday:
"I've been telling everybody for a long time, China is taking our jobs and taking our money. Be careful, they'll bring us down. You have to know what you're doing. We have nobody that has a clue."
The Donald also tweeted his sentiments about the sell-off, using the 140-character limit to hint that the market mess was caused by the current administration in the White House.
Follow us on Twitter @moneymorning, where we have our own ideas about China's role in the global sell-off.
Dear Jim Cramer, Hi! How Are You? On Black Monday, Apple Inc. CEO Tim Cook emailed CNBC "Mad Money" host Jim Cramer with a rare mid-quarter stock update on the company's performance. The correspondence may not have been entirely legal. But does Tim Cook's email warrant an all-out SEC investigation? Here's what we found out...
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