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Trump Blames Biden After U.S. Economy Shrinks Amid Tariff War The New York TimesStocks tumble as economy contracts for first time since 2022 CNNTrump pins stock market struggles on Biden — weeks after taking credit for it NBC NewsU.S. Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs WSJ
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"This is Biden's Stock Market, not Trump's," the president wrote on Truth Social after the Department of Commerce announced that GDP had plunged 0.3% in the first three months of 2025.
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Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.
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Trump blames Biden 'overhang' after GDP shrinks in first quarter, says growth will 'take a while' CNBCUS economy goes into reverse from Trump's abrupt policy shifts CNNStock market slides after GDP data shows sharp drop in U.S. economic growth CBS NewsU.S. Economy Shrank in First Quarter as Trump Tariffs Loomed The New York Times
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