Embattled Trump warns on impeachment

US president's rage brings sharp response from his attorney general

WASHINGTON - US President Donald Trump has warned the US economy would collapse if he were impeached, as legal chaos roiling the White House had experts saying his presidency is under threat.

Speaking on the eve of a closely watched meeting of central bank chiefs on Friday, Trump also took aim again at Attorney General Jeff Sessions, prompting a rare retort from the Justice Department chief.

Trump, concerned by the legal downfall of two former advisers, accused Sessions of failing to take control of the Justice Department, leading Sessions to declare on Thursday that he and his department "will not be improperly influenced by political considerations".

Days after Trump's former fixer Michael Cohen told a federal judge he made illegal campaign contributions at the president's request - to silence women alleging affairs with Trump - the Republican leader told Fox News that an impeachment would only cause more turmoil.

"I will tell you what, if I ever got impeached, I think the market would crash. I think everybody would be very poor," Trump said on Fox and Friends. "You would see - you would see numbers that you wouldn't believe in reverse."

The US president then launched into a statement on job creation and other economic progress he said had been made during his presidency.

"I don't know how you can impeach somebody who has done a great job," Trump said.

Trump was dealt severe back-to-back blows on Tuesday when Cohen pleaded guilty to illegal campaign finance violations and former Trump campaign chairman Paul Manafort was convicted of tax and bank fraud within minutes of each other.

The Manafort conviction was the first case sent to trial by the special prosecutor probing alleged Russian meddling in the 2016 election, a claim denied by Moscow.

The president has insisted he did nothing wrong after Cohen, his longtime private lawyer and fixer, implicated him in the illicit hush payments made before the 2016 election to two women who claimed to have had affairs with the Republican presidential candidate.

Because the hush payments were intended to influence the outcome of the elections, they violated US laws governing campaign contributions.

In entering a guilty plea, Cohen said the payments were made "in coordination with and at the direction of a candidate for federal office", in clear reference to Trump.

Trump was evasive when asked in the Fox News interview if he had instructed Cohen to make the payments, saying that his former lawyer "made the deals", and insisted that Cohen's actions were "not a crime".

Trump then said the hush payments were financed with his own money - to which Cohen had access - and that while he had no knowledge of them at the time, he had since been fully transparent.

Despite Trump's defiant tone, Washington-based campaign finance expert Kate Belinski, of the Nossaman law firm, said to expect legal consequences for both Trump and his campaign - most likely in the form of a civil complaint before the Federal Election Commission.

Trump praised Manafort for going to trial, in which the president's former campaign chief was found guilty of eight counts of financial fraud.

The president lauded the 69-year-old Manafort for leaving his fate to a jury rather than striking a plea deal - a move that has sparked speculation Manafort hopes for a pardon.

AFP - AP - Reuters

(China Daily 08/25/2018 page8)