Trump accuses bidges for shrinking economy

Without the tariff fans, the underlying economy revolved in a solid representation in the first quarter

Washington President Donald Trump asked for patience after a new report was the first decline in the US economy in three years and had blamed his predecessor, while he predicted that his new tariffs would lead to a boom “like no other”.

US gross domestic product, the value of all goods and services, shrank in the first three months of the year with an annual interest of 0.3%, said the trade department on April 30. This is due to 2.4% at the end of last year after an increase.

The first quarter covers the first three months of the year, of which the first three weeks were led by former President Joe Biden, whose last whole day was in office on January 19. The report also covers a period of time under Trump when the economy and the stock market experienced turbulence due to its tariff policy.

The stocks were responded to in response to the latest economic news from the US government and caused Trump in a social post of truth to blame the Democrats: “This is bidens stock market, not Trumps,” wrote the president. “I only took over on January 20.”

Although Trump contributed 101 days a day to a cabinet seat during a cabinet meeting, he added that bidges – not he – should be held responsible for the performance of the economy not only during the current but also the upcoming GDP quarter that runs from the beginning of April to July.

“You could even say that the next quarter is a kind of bidden,” Trump told reporters. “We are turning it around. It is a large ship to turn around and we will have the largest country financially in the history of the world.”

Trump's comments came when companies imported a massive waiting loop before the comprehensive tariffs of the Republican President came into force, which spread the US trade deficit and restricted growth. With the exception of the tariff fans, the underlying economy turned a solid representation in the first quarter, although they plunged the trust of consumers and increasing business uncertainty through import fees.

One day after Trump presented his comprehensive tariffs on dozens of countries, including a universal tariff of 10% and higher tariffs for goods from certain countries, the US shares fell in their worst session since 2020. The stock market was responding to retaliation warnings from all over the world after the Trump tariff program to annoy companies to annoy companies in America manufacture to promote US production to promote US production.

The US consumer mood fell in the fourth month in a row in April, when the Americans, according to the consumers of the University of Michigan, question which tariffs and trade voltages for their wallets will mean for their wallets.

“Another's fault”

Trump's political opponents prompted the president to blame.

“Donald Trump believes that every problem is the fault of another, not his,” said Senator Bernie Sanders, an independent person who ran and represented in 2016 and 2020 as a democrat for President. “I think he should take responsibility for the chaos he caused, a massive uncertainty in the American economy and in the global economy, the fact that its tariffs are arbitrarily determined, will increase the prices for working families.”

In the truth social, Trump had a positive impact on his economic policy and promised voters who chose him last November that more time is required to improve the US situation.

“Our country will be booming, but we have to get rid of the bid” overhang “, Trump wrote. BE PATIENT!!!”

Florida GOP Senator Rick Scott said that Trump's urge for Americans are a good message, and he believes that the Republican President “tries to take responsibility for improving the economy”.

“I think none of us are very patient, right, like people,” said Scott. “When we are looking for a job, you know that it is important to get a job that day because you try to support your family.”

The economic report of the trade department came when the senators prepared on April 30 by resolving, which would end the national emergency trump to impose its tariffs without congress authority.

“How can someone look at it objectively and not be disappointed?” Senator Thom Tillis, Rn.C., said of the report.

Tillis is one of the most endangered GOP senators for re -election in his swing state next year. He said the slowdown was caused by “various factors”.

When asked by USA Today, what he made from Trump, who blamed bidges for the change, Tillis was uncomplicated: “It will work now. It will not work in six months,” he said. “There are some arguments to say that part of it is a delay from the previous administration. But as soon as they are elected, they have the economy.”

Stock market markets experience the worst first 100 days since Gerald Ford

The report of the trade department stated that the imports of goods rose at an annual price of 50.9% in the first three months of the year and that the country's trade deficit increased by $ 14 billion to record of $ 162 billion in March, since companies increased the shipments in expectation of tariffs.

Overall, the yawning trade difference of the first quarter has broken down around 5 percentage points from economic growth.

Peter Navarro, the trade advisor of the White House, said the influx in imports was an anomaly caused by Tit-for-Tat-Zölle, which he reverses in the next quarter and contributes to economic growth.

“What happened with the numbers today was that we had a fairly extraordinary increase in imports that were completely powered by the rest of the world, who tried to include their products here before the tariffs were fully kept,” Navarro told reporters in the White House and described it as “one -shot” ver.

Navarro said that the tax laws in the congress would say goodbye, would include a destination that enables 100% equipment for equipment and buildings in the United States, which he said, would stimulate domestic investments.

The US stock market recorded the worst first 100 days of all times of the President, since President Gerald Ford assumed an office after President Nixon had resigned in 1974, as a report for financial research and analyzes emerged.

Trump's urge to blame bidges for the IPO under his watch is undermined by the stock performance of his predecessor. The S&P 500, which pursues the stock performance of 500 leading companies, grew by 14% annually in the White House in the White House, including 23% in 2024 and 24% in 2023.

During Trump's first 101 days of his second term, the S&P 500 declined by about 8%.

“When Joe Biden Donald Trump handed over the powerful economy of the world, experts praised the United States for leaving every other wealthy nation in dust,” said the former deputy spokesman for Biden, Andrew Bates. “Now we fall in the direction of a Trumpzession.”

In the meantime, Trump tried to honor the booming stock market last year, and at the time argued that investors would predict a Trump election in 2024. “This is the Trump stock market,” Trump wrote in a social post on January 29, 2024, when bidding was the sitting president.

The administration has currently imposed a 90-day break for new mutual tariffs and increases interest rates for Chinese goods to up to 245% if the tariffs that were imposed during Trump's first term and bidges have counted.

The tariffs for certain imports, including steel and aluminum as well as a universal tariff of 10% in most countries.

With regard to the negotiations between the administration and other countries on tariffs, Senator Jerry Moran, R-Kan, showed. “We should give administration and in particular the USTR the opportunity to work out agreements with countries that are interested in changing their behavior to do business in the USA,” he said.

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Contribution: Paul Davidson

Without the tariff fans, the underlying economy revolved in a solid representation in the first quarter

“Another's fault”

Stock market markets experience the worst first 100 days since Gerald Ford

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