United States President Donald Trump blamed his predecessor on Wednesday, Democrat Joe Biden by “excess” after the country fell 0.3% on GDP in the first quarter of the year, the first retreat since 2022. In a message published on his trump social network, Trump said that the growth he will “take a while”, which growth retreat is not linked to tariffs.
“This will take a while, it has nothing to do with tariffs, just that he [Biden] left us with bad numbers, but when the boom Starting will be like no other. Be patient !!! ” Trump wrote.
“Tariffs will start to be worth soon, and companies are starting to move to the US in record numbers. Our country will thrive, but we need to get rid of Biden’s ‘excess’,” he said.
reported the Department of Commerce at its first estimate on Wednesday. The number came below the estimate of economists consulted by Reuters, who predicted that GDP would come at 0.3% positive from January to March.
The report showed a new increase in inflation in the country, and high of imports amid the tariff war imposed by Trump.
Shortly before, ADP’s National Employment Report showed that in April.
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The American scholarships opened in a heavy fall, shortly after the disclosure of GDP and ADP numbers. At 10:33 am, Dow Jones, S&P 500 and NASDAQ indices fell 1.11%, 1.52%and 2.03%, respectively.
“This is the stock exchange of the [ex-presidente Joe] Biden, not Trump. I only took over on January 20, ”said Trump.
