• 7
  • 12
  • 1

Trump Blames Biden "Overhang" After GDP Shrinks in First Quarter, Says Growth Will "Take a While"

Reuters04-30

WASHINGTON, April 30 (Reuters) - U.S. President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the U.S. economy.

The economy shrank in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of Trump's often chaotic tariff policy.

Republican Trump blamed his Democratic predecessor, Joe Biden, for the poor showing.

"This is Biden’s Stock Market, not Trump’s," he said. "Our Country will boom, but we have to get rid of the Biden 'Overhang.'

Trump added: "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!!!"

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment12

  • a4xrbj1
    ·05-01
    What a moron, the stock market was great when he took it over
    Reply
    Report
  • AST10
    ·04-30
    Hold on to your hats [Serious]  
    Reply
    Report
  • ICEsh00ter
    ·04-30
    kaki gong kaki song 
    Reply
    Report
  • Gbsmidoban
    ·04-30
    [LOL]  [LOL]  [LOL]  [LOL]  
    Reply
    Report
  • junyif4ux
    ·04-30
    😭😭😭😭😭💀💀💀💀💀
    Reply
    Report
  • Is this a joke??
    Reply
    Report
  • Crazy Bee
    ·04-30
    loser.  always blame others 
    Reply
    Report
  • Hold those thought . Get ready for the dip
    Reply
    Report
  • MartinOng
    ·04-30
    🤣 this is what Mr Trump praised for his first 100 days. Well done Mr President! It is an amazing in US history. 
    Reply
    Report
  • Meowss
    ·04-30
    De lu lu much? 
    Reply
    Report
  • Reallyxxx
    ·04-30
    Totally delusional as usual. Of course if the market was surging it wld be Trumps stock market.
    Reply
    Report
  • This guy is living in his own elusions. Helpppppp
    Reply
    Report

7x24