The big winner from coronavirus will be Donald Trump
The outbreak has given the US president a ‘get out of jail free card’ when it comes to phase-one targets. It should come as no surprise that the figures from China about coronavirus infections and deaths have been massaged. As the crisis in Xi Jinping’s government from his mishandling of the situation mounts, the biggest winner is now becoming clear. It’s looking more and more likely that Donald J Trump will win re-election in November – and equity markets love it.