Recommendations of the Editorial team
The markets open on Wednesday with a sale in response to another wave negative business forecaststhat through the Global customs war by President Donald Trump were fueled. According to a report by the Ministry of Commerce on Wednesday sank that GDP in the first quarter of 2025 by 0.3 percent and shrank for the first time in 2022. Meanwhile accelerate The inflation indicators and wage growth slows down.
Ministry of Commerce reports the first negative growth since 2022
The Dow Jones fell over 600 points in response to this news. During the NASDAQ and the S&P 500 each add over two percentage points. The president who has been developing the Stock markets Viewed of it as a direct expression of his popularity, nothing wanted to know about it.
Excesses react with massive price losses
“This is bidens stock market, not Trumps”, wrote The President on Wednesday on Truth Social. “I only took over on January 20. The tariffs will grab soon. And companies start moving to the USA in record numbers. “
Trump reacts to bidges with blame
“Our country will be booming. But we have to get rid of the ‘bid overhang’. It will take a while. And has nothing to do with tariffs. Aondern only with leaving us bad numbers. But when the boom starts, it will be like never before !!!”, he added.
Cabinet meeting: Trump distances itself from responsibility
Trump also tried during a cabinet meeting on Wednesday morning to take responsibility. “This is bidden. It’s not Trump,” he said about the decline in business. “We took over his chaos.”
White house defends new government with temporary argument
The deputy press spokeswoman for the White House, Anna Kelly, told to C-span On Wednesday that the economic report was negative because “January has a disproportionate influence on this report”. And Trump was not “elected” until January 20.
Fact check: Trump’s own measures fall markets
The president was sworn in on January 20. UND in the first days of his term of office, the fluctuations in the stock markets typical for presidents at the beginning of their term of office fully destroyed.
Earlier Trump statements contradict current rhetoric
Trump’s claim that he could not be held responsible for the current economic and financial situation, since he has only been in office for a few months, is ridiculous. Especially when you consider that one of Trump’s most distinctive measures in the first 100 days of his presidency was the triggering of an international customs war that immediately led to a break -in of the markets.
Trump blame bidges. But the current president approved the economic situation when the former president was still in office. In January 2024, in the middle of a large stock market rally during Biden’s term, wrote Trump on Truth Social: “This is the Trump stock market. Because my surveys against bidges are so good that investors assume that I will win. And that drives up the market.”
The immediate reactions of the former bid and Harris government as well as the campaign employees for 2024, expressed diplomatically, were incredulously.
Reactions of bidden-related politicians and consultants
“My comment is ‘LMFAO’,” says Rob Flaherty, deputy campaign manager of Harris 2024 and previously director of digital strategy in the White House under Biden, opposite on Wednesday morning Rolling Stonewhen he is asked to comment on Trump’s allegations against his democratic predecessor.
Democrats accuse Trump of economic deception
“It’s pathetic,” says James Singer, who worked as a spokesman for the Biden and Harris election campaigns. “It’s like a toddler that lies because it has painted the walls with felt pens. Trump is a president. The damage that is inflicted on the economy and the American people is a direct consequence of his ruthless economic policy. And he is not deceptive!”
Andrew Bates, the deputy press spokesman for Biden in the White House, adds: “Donald Trump is the only president who has plunged a strengthening economy within 100 days. And the only president who drove a casino into bankruptcy.
Trump’s advisors contradict presidential claims
The president’s claim that the economic contraction “has nothing to do with tariffs” is publicly refuted by his own economic advisors. During an interview with CNBC on Wednesday morning said Trump’s trade advisor Peter Navarrowho is supposed to be one of the president of the president’s customs policy, that he is very happy about the news. Because “if you calculate the inventory and the negative effects of the import increase due to the tariffs, you have a growth of 3 percent [des BIP]”.
Poll values decrease – even among Republicans criticism
But you cannot simply end an ongoing trade war by calling for a victory. The Americans Don’t fall in. Because Trump’s survey values, especially in relation to the economy, fell in office after 100 days.
Some Republican MPs do not fall for it either. “With the introduction of tariffs to this extent, this is now the economy of President Trump,” said Senator John Kennedy (R-La.) At the beginning of this month. “I think it is unbelievable that President Biden or a former government are responsible for the current situation.”