Source: CNBC
“President Donald Trump on Wednesday blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter, while warning that his promised ‘boom’ will ‘take a while.’ ‘This is [former President Joe] Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th,’ Trump said in a Truth Social post. … ‘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!!!’ Trump wrote. The defensive social media post came less than an hour after the release of a U.S. Department of Commerce report showing gross domestic product fell at a 0.3% annualized pace in the first three months of the year.” (04/30/25)
https://www.cnbc.com/2025/04/30/trump-gdp-tariffs-biden-overhang.html