Trump’s comments came on the same day the Commerce Department announced that the economy had contracted in the first three months of the year.
President Donald Trump condemns Biden’s economic downsizing
At the Cabinet meeting, President Donald Trump denounced Joe Biden’s first quarter of the year for shrinking economic growth.
- Trump said in the first 100 days of his second term, “I really don’t believe I made a mistake.”
Washington – Don’t worry about the shrinking economy and the gloomy poll numbers.
President Donald Trump’s first 100 days followed the plan.
What will he do differently? It’s not something.
“I don’t think I made a mistake, so that’s the most difficult question I can,” Trump responded to a question on April 30 at News Nation Town Hall.
His comments came on the same day that the Commerce Department reported the national economy – the total value of all goods and services in the country – reduced at an annual rate of 0.3% in the first three months of the year.
Trump denounced his predecessor, Joe Biden, in a social media post. “This is not Trump’s stock, it’s Biden’s stock market,” Trump wrote.
Stock is down. The Dow Jones Industrial Average and S&P 500 fell 6% since Election Day, while the technology-rich NASDAQ fell 11%.
A series of polls measuring the first 100 days of Trump’s second term reported approval rates of around 41% or 42%, with over half of respondents reporting disapproval of his policy.
Trump accused pollers of calling more Democrats than Republicans after predicting he would lose Wisconsin and the 2024 presidential election, and he has since won both.
“They’re a fake poll,” Trump said.
Trump placed his faith in import duties, sparking a global trade war. To curb the costs of domestic goods, Trump said he expects to cut several aspects of the car’s tariffs and reach deals with China.
“We’re going to make billions of dollars, but it’s going to take a little while,” Trump said. “It doesn’t happen overnight, but it happens much faster than people understand.”
