Live updates: Trump stops cabinet seats because the report anchored us at the beginning of its term of office shows that the economy has shrunk

Peter Navarro, a special advisor of the President, tried to spin the GDP report as “very positive news” for Americans on Wednesday morning and observed how tariffs drive an “enormous amount” of domestic investments.

“This was the best negative pressure, as they say in trade, for GDP that I have ever seen in my life. It should really be very positive news for America,” Navarro told reporters in the White House.

While consumer expenditure slowed down, companies increased, as CNN reported, the expenses, as reported, probably ahead of the price increases due to tariffs. According to a new GDP report from the trade department, however, the US economy has been the worst quarter since 2022, which registered with a price of -0.3%. The Dow had dropped by 700 points or 1.73%on Wednesday morning. The S&P 500 fell by 2% and the technically high-quality NASDAQ composite by 2.5%.

CNN asked Navarro why President Donald Trump, when the reports are good news, blame former President Joe Biden for an “overhang” and left “with bad numbers” in a social media post on Wednesday morning.

“There are two things going on here,” said Navarro. “We inherited an incredibly bad economic policy of Joe Biden. The fruit of this 'poison biden Tree' is a number of output calculations that our debts have drawn well over a fiscal cliff, and we try to bring this back with the tax calculation and reuse of expenses.”

The recent analysis of the Congress's tax law suggests that the deficit would give trillion dollars over a decade, even if the potential spending cuts are pushed forward by the party leadership.

When asked about trade agreements, Navarro said: “Business is only patient” when he went to the west wing.