https://www.newsweek.com/donald-trump-administration-immigration-tariffs-live-updates-2066077
The U.S. economy contracted for the first time in three years, with new data showing a 0.3% decline in gross domestic product for the first quarter of 2025. The surprising drop, driven largely by a spike in imports ahead of steep new tariffs, sparked fresh market jitters and political finger-pointing, including President Donald Trump, who blamed the downturn on the "Biden overhang."
Trump blames Biden as US economy goes into reverse
President Donald Trump pointed the finger of blame at former President Joe Biden after data showed the U.S. economy shrank for the first time in three years.
"This is Biden's Stock Market, not Trump's," Trump posted to his Truth Social platform after the economic news dropped, and markets braced to open lower.
"I didn't take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers.
"Our Country will boom, but we have to get rid of the Biden 'Overhang.' This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!"
No comments :
Post a Comment
ANONYMOUS COMMENTS WILL NOT BE POSTED!
please use either your real name or a pseudonym.