Trump said the woman he will face in November's election was a "world class liar" who had "perfected the politics of profit" while secretary of state.
"She gets rich making you poor," he said in a broad speech in New York which also cast her as a destabilising force in the Middle East.
Mrs Clinton said the speech was "more hypocritical lies".
"Economists on the left, right and centre all agree his dangerous economic policies would throw us back into recession," said her spokesman.
Mr Trump is trailing in the polls and has had a tough couple of weeks, with much criticism within his own party for his response to the Orlando nightclub shooting.
But on Wednesday the businessman hit his Democratic rival with full force, saying she does not have the "temperament or judgement to be president" and she refuses to recognise the threat of radical Islamic terrorism.
"Her decisions spread death, destruction and terrorism... one deadly foreign policy decision after another," he said of Mrs Clinton's tenure at the State Department.
He said she wants to let Muslims into the country that want to "enslave women" and "put gays to death".
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