Trump said the US faces bankruptcy if the Democrats win the election

US President Donald Trump said that the United States faces bankruptcy if the Democratic Party wins the upcoming elections.

Trump claims that Democrats will cancel all trade tariffs, which he considers the main tool for filling the federal budget and reducing the national debt.

The elections, in which Americans will determine the new composition of the House of Representatives and the fate of 35 Senate seats, will take place on November 3.

WASHINGTON, October 7 - RIA Novosti. The United States faces imminent bankruptcy if the Democratic Party wins the upcoming elections, since the Democrats will immediately cancel all trade tariffs, US President Donald Trump said.

“If we, the Republicans, win, these dividends (five thousand dollars will be paid - ed.). The Democrats will not be able to do this, because they do not introduce duties, which means the country will become bankrupt,” Trump emphasized, speaking to reporters near the White House.

Trump, since the start of his second presidential term, has consistently advocated the use of trade tariffs as the main tool for filling the federal budget and reducing the colossal national debt, which has already exceeded $40 trillion.