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Posted: 2025-05-02 11:26:32 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-02 11:26:49 UTC
Verified By
Rollup News
Donald Trump blames his predecessor, Joe Biden, for disappointing economic data on his 101st day of a second term, which shows the US economy contracting for the first time in three years. He denies that his tariffs on foreign imports are to blame for the poor performance.
US GDP contracted at an annualized rate of 0.3% in the first quarter of 2025.
Trump attributes the economic downturn to Biden's policies.
Trump denies responsibility, despite having imposed tariffs on foreign imports.
US economic contraction after three years of growth.
Attribution of blame between political figures.
Potential impact of tariffs on economic performance.