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85 new news items in the last 24 hours
  1. Home
  2. International

Donald Trump says falling US GDP is the result of Joe Biden's policies, not his tariffs: 'Our country will take off economically, but first we have to get rid of the remnants of Joe Biden'

Raluca Ioana Draghici
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30 April 2025, 18:55
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President Donald Trump has said the decline in US GDP in the first quarter is "reminiscent" of the Biden administration, emphasizing that tariffs are not to blame. GDP fell 0.3% and Trump urged patience, promising an economic recovery. Experts suggest that rising imports have negatively impacted GDP and the tariff strategy has led to economic instability. Critics of the customs policy suggest it could negatively affect domestic production and the ability to import cheaply.

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Newsweek
Trump, după scăderea PIB-ului SUA: „Sunt reminiscențe de la Biden, nu are legătură cu tarifele”
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Digi24
Pe cine dă vina Trump pentru scăderea PIB-ului SUA în primul trimestru. „Aveți răbdare”
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News.ro
Trump dă vina pe „moştenirea” Biden pentru scăderea PIB-ului SUA în primul trimestru. Pieţele au reacţionat, trecând pe roşu

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Trump asks gasoline dealers to lower prices "immediately"
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Inflation in the US rose by 4.1% in May, the highest level in the last three years, amid rising gasoline prices. This poses a political challenge for President Trump.
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The U.S. trade deficit increased by 27.4% in May, reaching 105.8 billion dollars. Imports rose by 3.6%, while exports fell by 5.4%.
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USA GDP Donald Trump Joe Biden customs tariffs trade war

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