US EditionTrump blames Biden ‘overhang’ after GDP shrinks in first quarter, says growth will ‘take a while’
- According to government data, the U.S. Gross domestic product declined by 0.3% on an annualized basis in the first quarter of 2025.
- This contraction followed President Trump’s return to office in January amid concerns about the lingering 'Biden overhang', which he cited as a cause.
- Trump blamed the previous administration for the slowdown while emphasizing a healthy 4.2% unemployment rate, and warned growth would take time to recover.
- The presidential trade advisor described the recent GDP decline as a temporary effect caused by higher imports, emphasizing that the overall economic outlook remains positive.
- The stock market fell sharply after the GDP report, fueling Democratic claims that Trump’s policies may risk recession, though Trump promised a coming economic boom.
324 Articles
324 Articles
Hinson blames Biden, not Trump's tariffs, for 1st quarter's downturn - Radio Iowa
A new report from the U.S. Department of Commerce shows the nation’s economy just had its weakest quarter in three years, which Iowa Congresswoman Ashley Hinson blames on the policies of the previous administration. Hinson, a Republican from Marion, says the recent downturns in consumer confidence, the stock market, and the gross domestic product are […]
Can Trumpian Volatility Be Mitigated? | by Qiyuan Xu - Project Syndicate
The US economy’s current travails can be traced directly to the president, who has emerged as the economy’s most destabilizing factor. In such circumstances, traditional policy instruments, honed over decades of economic management, are not fit for purpose.
100-plus days in, Trump blames Biden after US economy unexpectedly shrinks in wake of tariffs
The US economy has unexpectedly contracted in the first three months of the year on an import surge triggered by Donald Trump's tariff plans, although the president pinned the blame squarely on his predecessor.
U.S. Economy Shrinks 0.3% In First Quarter; Trump Blames Biden 'Overhang' - Worthy Christian News
by Emmitt Barry, Worthy News Correspondent (Worthy News) – The U.S. economy contracted by 0.3% in the first quarter of 2025, marking its first decline in three years, according to preliminary data released Wednesday by the Commerce Department. The drop, far below the expected 0.4% growth, raised concerns of a slowdown amid a volatile trade environment shaped by President Trump’s sweeping tariff agenda. “The downturn in real GDP… reflected an upt…
New report raises concerns about the economy
WASHINGTON (NEXSTAR) - President Donald Trump is celebrating what he calls strong economic progress during his first 100 days in office, but a new government report is raising concerns about the actual state of the economy. President Trump is touting early economic success, pointing to job creation and rising optimism but new GDP numbers released tell a different story, showing the economy may be losing steam. President Trump dismissed a governm…
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