‘Biden’s stock market, not mine’: Donald Trump blamed the previous US economic decline, the former President says ‘left us with a bad number’
Amid growing worries on a sharp economic decline After the announcement of Tariff usDonald Trump blamed former US President Joe Biden for the economy situation, for removing the truth of his platform from the recession.
In a social media post on Truth Social, Trump said that recently economic troubles “have nothing to do with tariffs” and instead pointed out fingers on Biden’s legacy.
He wrote, “This is biden Stock marketNot Trump. I did not take till 20 January. Tariffs will start kicking soon, and companies are moving to a record number of USA. Our country will bounce, but we have to get rid of Biden ‘Overhang’. It will take some time, nothing to do with tariffs, only that he left us with evil numbers, but when the boom starts, it will be no one else. Be patient !!! “
Trump also reminded the followers that he took office in January this year after defeating Kamla Harris in the presidential election.
Despite the economic recession, Trump said that a revival is on the horizon. He said that new tariffs will soon be effective, attracting manufacturing and investment in the country. “Our country will bounce,” he said, once again insisting that Biden left us with poor numbers. ,
American economy Reverse
According to CNN report, the US economy decreased by 0.3% in the first quarter of the year – its worst performance since 2022, as Trump’s broad tariff policies shook the trust between consumers and businesses. The report of the Department of Commerce saw a sharp decline from 2.4% increase in the previous quarter, which is far below the expectations of economists.
The decline was mainly due to a huge increase in imports, as buyers ran to overtake the new tariff, and government spending declined. When the export of exports very far, it reduces overall economic production – this difference hurts the GDP more than any point since 1947.
Despite the poor number, Trump insisted that the recession was due to the “biden overhang”, blaming the previous administration for leaving the “bad number” behind. He claimed that tariffs were not the reason and promised a strong economic rebound in the near future. Trump’s business advisor Peter Navaro called the data “best negative print”, arguing that strong domestic investment indicated on development – even if the growth was largely due to trades that were stockpiling before kicking in tariffs.
