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President Trump Responds to Economic Contraction Blaming Biden

President Trump blames economic contraction on Biden's administration while asserting future economic growth due to his tariffs.


Overview

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In a rally marking 100 days of his second term, President Trump acknowledged challenges such as a recent 0.3% contraction in GDP. This marked a drastic decline from the 2.4% growth seen last quarter and revealed Americans' low confidence, with approval ratings at 39%. Trump attributed the downturn to former President Biden's policies in a fiery Truth Social post, asserting recent tariff implementation would spur growth. Meanwhile, economic details reveal consumer spending declined sharply, while imports surged, negatively affecting GDP calculations. Analysts express concerns about looming recession risks despite some positive investment trends.

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Articles (32)

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Trump's first 100 days by the numbers
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Politics: 100 Days of Court-ing Conflict
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Trump blames Biden for shrinking economic first quarter
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Trump's First 100 Days: Promises Made, Promises Kept
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Pay no heed to the misleading Trump approval ratings
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History

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    29 articles
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    21 articles
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    10 articles