Trump Delie

President Trump quickly answered the news on Wednesday that the US economy had been stepped together for the first time in three years and sent the stock indices lower.

“This is bidens stock market … we have to get rid of the bids 'Overhang',” he said in a social media contribution.

He added a number of all-caps messages that the contraction “has nothing to do with tariffs” and also “be patient !!!”

The timing of the expected GDP number and further sale could not be worse for Trump.

The President will end his first 100 days in office today, with another series of dark economic indicators, who generate new pressure on his trading plans, especially after the tariffs have driven a historically bleak start for his presidency in the stock exchange.

On April 29, President Trump will hold a 100th day in the office speech in Michigan (Jeff Kowalsky/AFP via Getty Images). · Jeff Kowalsky about Getty Images

The Wednesday morning post was part of a scramble of Trump and his team to explain the news. Peter Navarro, a White House trade consultant, said about CNBC: “This is the best negative pressure I have ever seen in my life” and pointed out things like an increase in imports and domestic investments.

The markets have to “look under the surface,” he added.

Everything was responded in response to a predicament of the Bureau of Economic Analysis in the first quarter of the US domestic product (GDP) that real GDP decreased by 0.3% in the first quarter of 2025. It was below expectations and in the first negative GDP since 2022.

Later on the day at a cabinet meeting, Trump also pointed out the core BIP -a measure of economic growth that excludes things such as government spending and net exports -which actually paints a better picture.

“The removal of distortions of imports, inventory and state expenditure was almost 3%,” said Trump and added, “we had numbers that we had turned over despite our handover.”

The measured values include the last 20 days of Joe Bidens Presidency and about 70 of the first day of the city of Trump.

Trump would like to concentrate on these first 20 days, with the former bido spokesman Andrew Bates answered on Trump's claims: “When Joe Biden Donald Trump handed over the best possible economy in the world, experts praised the United States for leaving any other wealthy nation in dust.” Now we fall in the direction of a Trumpzession. “

Read more: The latest news and updates to Trump's customs duties

Trump's claims on Wednesday morning also tried to avoid the effects of his historical tariff efforts with claims with which only a few economists would agree.

The competitive Enterprise Institute, a free market -oriented thought factory in Washington, DC, was one of the many who quickly push back.

“It didn't take long,” offered the high -ranking economist Ryan Young in an explanation and added that “the United States is halfway to a self -imposed recession and are to blame tariffs.”

The GDP reading on Wednesday was significantly lower than the growth rate of 2.4% in the fourth quarter of 2024.

It was also the youngest in a number of anemic numbers, including a job report published on Wednesday published on Wednesday of the private sector, which increases the shares for the entire total report on Friday.

The Democrats immediately jumped on the number, and Senator Elizabeth Warren of Massachusetts among the many who had tied the lower GDP reading with tariffs.

“Donald Trump's red-light, green light tariffs reduce our economy,” she offered in a statement and added that “Americans are deeply pessimistic to survive a crater economy that was deliberately damaged by the president.”

The Democrats also have a rare chance of acting with Warren together with other democratic senators who want to force a vote in the Senate, whether Trump has the legal authority to implement his tariffs.

A number of senators will talk about the Senate today before they force a vote on laws that states that the economic emergency declaration Trump is not legitimate to implement its tariffs and should be “terminated”.

The vote could be largely symbolic for the time being, but at least one republican, Rand Paul von Kentucky, sponsors the efforts that will increase the pressure on the president.

A projection, the rising consumer costs and the approval evaluations of President Trump created by Democrats on April 29 in front of the White House (Jemal Countess/Getty Images for Democratic National Committee) · Jemal Countess about Getty Images

The democratic chairman of the Senate, Chuck Schumer, added in his own statement that Trump now has to fire his business team and that “today's GDP number shows that Donald Trump leads America as well as he does his business – directly into the ground”.

The back and forth on Wednesday is part of a long pattern for Trump to postpone the responsibility of the stock markets when it meets its needs. He often tried to owe himself to Biden's term in office when the market had expired, but blame bidges when it was below.

In a speech in February 2021 – as just an example, after he had been in office for more than a month and bidding the share prices – Trump still spoke about “our stock market”.

This post has been updated.

Ben Werschkul is a Washington correspondent at Yahoo Finance.

Click here for political news in connection with business and monetary policy that will shape tomorrow's share prices

Read the latest financial and business news from Yahoo Finance

Leave a Comment Cancel reply