President Donald Trump took to Truth Social complaining about the latest economic report on Wednesday Morning.
“This is Biden’s Stock Market, not Trump’s," the President said.
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“I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’”
He 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!!!”
The first quarter of Trump’s presidency was marred by tariff concerns from the business sector after Trump placed additional fees on nearly every country the U.S. does trade with. This includes our largest trading partner, China, whose reciprocal tariff is around 125% and 245% on select trade.
U.S. economic growth slowed significantly in the first quarter of 2025. The nation's gross domestic product shrank at a 0.3% annual rate, down from growth of 2.4% in the final three months of 2024.
