Donald Trump panics, blames Joe Biden

As the balance sheets for the first 100 days of the Trump presidency pile up, largely negative, particularly on the economic front, where his tariffs have caused chaos due to a misjudgment of their consequences, and the economy has contracted by 0.3%, the president is trying to shirk his responsibilities.

JUST IN: The U.S. economy contracted 0.3% in the first quarter of 2025, the first negative reading since the Covid pandemic.

— NBC News (@nbcnews.com) 2025-04-30T12:53:55Z

On Truth Social, he has once again found the ideal culprit to point the finger at, posting a message accusing Joe Biden of being responsible for this disaster.

“It’s Biden’s stock market, not Trump’s,” the president wrote on his social network, accusing Joe Biden of being behind the spectacular fall in the markets, including, it seems, the one triggered by his own tariff announcement on April 2, which caused a stock market collapse not seen since the Great Depression.

Recalling that he only took over the presidency on January 20, Trump is trying to reassure that the tariffs “will soon begin to take effect”, as he says companies will be moving to the US in record numbers.

Meanwhile, data for the first quarter of 2025 reveals a 0.3% drop in US gross domestic product (GDP), signalling the first economic contraction in nearly three years.

Trump blames Biden, not the tariffs. According to him, this first economic contraction “has NOTHING TO DO WITH TARIFFS”, and would only be due to the fact that Biden would have “left some bad numbers behind”.

Remember that under Joe Biden, the post-pandemic US economy grew at an average annual rate of 3.2%, compared with 1.8% under Trump, with 16.2 million jobs created between 2021 and 2024 (+11%).

Unemployment fell from 6.4% to a low of 3.4%, then to 4.1%, and inflation fell from 9.1% to 2.7%.

This content was created with the help of AI.