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Trump deflects blame for economy contraction

Trump says it's Biden's economy, but businesses and economists beg to differ

When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did. Nearly a year before his return to the White House, he declared on his Truth Social platform that investors were celebrating his lead in the polls against President Joe Biden.

Yahoo Finance · 14h

Trump’s Effort to Blame Biden for Economy Ignores Tariff Fallout

President Donald Trump has started vacillating between telling Americans to be patient in the face of bad economic news and blaming his predecessor for it, leaving him vulnerable to losing the support of voters who elected him to improve the nation’s economy.

Reuters on MSN · 1d

Trump deflects blame for economy contraction, says to be patient

U.S. President Donald Trump on Wednesday said the contraction in the U.S. economy had nothing to do with his tariff wars and predicted the economy would boom when tariffs kicked in. "When the boom begins,

Economy Shrank in 1st Quarter

Forbes · 20h

The U.S. Economy Shrank In Q1 Because Of Tariffs And Consumer Worries

Some say the situation is a result of temporary conditions. However, as the impacts come from Trump administration policies, it’s far from clear how long this might last.

U.S. News & World Report on MSN · 1d

Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs

In the first broad measure of the economy since Donald Trump became president, the nation’s gross domestic product shrank by 0.3% in the first quarter, the Bureau of Economic Analysis said on Wednesday.

The Washington Post on MSN · 1d

U.S. economy shrank in early 2025 as tariffs sapped growth

GDP shrank in the first quarter, a new report shows, offering a look at how tariffs are reshaping spending patterns and changing the economy.

US Senate to Vote on Bill to Rein in Trump Tariffs

U.S. News & World Report · 1d

US Senate to Vote on Bill to Rein in Trump Tariffs as Economy Contracts

The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours after the federal government reported that the nation's economy contracted for the first time in three years amid the chaos of the president's tariff policies.

The Financial Times · 1d

US economy contracts at 0.3% rate as Trump’s tariffs prompt import surge

The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by rushing to import goods. The fall in the GDP reading — the first since 2022 — was worse than economists’ most recent forecasts and compared with the 2.

Reuters · 1d

Divided US Senate rejects latest bid to overturn Trump tariffs

An evenly split U.S. Senate rejected the latest bid to overturn a slew of President Donald Trump's tariffs on Wednesday, hours after the federal government said the economy contracted for the first time in three years amid the chaos of the tariff regime.

The Economist16h

America’s economy is not reeling yet, but trouble is coming

America’s GDP contracted by 0.3% in annualised terms in the first quarter of 2025. Imports surged as businesses rushed to ...

11h

A Tidal Wave of Change Is Headed for the U.S. Economy

American consumers are not yet seeing much evidence of the drastic changes President Trump has made on trade. But they are on ...

17h

How the economy may frustrate Trump’s drive to expand presidential power

Amid the daily tumult of President Donald Trump’s second term, the political struggles over his economic agenda and his ...

14hon MSN

'The US economy will thrive': Why the market's 'Dr. Doom' is bullish on American exceptionalism despite Trump

"Dr. Doom" Nouriel Roubini expects the US economy to see robust growth in the coming years as America's tech leadership ...

The April Jobs Report Is the Economy’s Next Test

If the report shows stable conditions, it would bolster Fed officials' confidence in their wait-and-see approach.

9hon MSN

Burger giant reports store traffic falls unexpectedly as diners grow uneasy about economy

McDonald’s store traffic fell further than expected in the first quarter as economic uncertainty weighed on diners.

17h

Live updates: Trump puts market struggles on Biden as economy shrinks under his watch

A bipartisan effort to undo the tariffs President Donald Trump imposed on most countries failed in the Senate. Follow along ...

17hon MSN

Overhaul the LAPD, in this economy? Questions surround chief’s plan amid budget crunch

The possibility of losing more than 400 civilian workers has increased uncertainty around Police Chief Jim McDonnell's vision ...

11hon MSN

McDonald’s sees its biggest sales drop since the pandemic as customers fearful of economy pull back on spending

McDonald’s has reported its biggest sales drop since the pandemic as customers in the U.S. are concerned about the economy ...

Elon Musk Says Will Come As A 'Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears

CEO Elon Musk drew attention on Tuesday to economic data showing China’s economy has significantly outgrown both the United ...

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Trump deflects blame for economy contraction

Economy Shrank in 1st Quarter

US Senate to Vote on Bill to Rein in Trump Tariffs

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