During a recent cabinet meeting, President Donald Trump attributed the shrinking economy in the first quarter of the year to President Joe Biden. The Commerce Department announced a 0.3% contraction in the economy, coinciding with Trump’s assertion that he hasn’t made mistakes in his first 100 days of his second term. “I don’t really believe I’ve made mistakes,” Trump stated at a NewsNation town hall, emphasizing that the current period is one of transition and predicting upcoming economic victories.
Despite the negative economic data and dismal approval ratings hovering around 41-42%, Trump remained defiant, insisting that his administration’s trajectory is on track. He criticized the declining stock market—citing drops in the Dow Jones Industrial Average and the S&P 500 since the election—blaming it squarely on Biden’s policies. Additionally, he dismissed negative poll results, claiming that pollsters skewed their surveys by contacting more Democrats than Republicans.
Trump expressed confidence in the potential of import tariffs, which had previously contributed to a trade war, indicating plans to recalibrate tariffs on cars and pursue a deal with China. “We’re going to make billions and billions of dollars,” he declared, assuring that progress would come “much faster than people understand,” even if it takes time.
In summary, Trump continues to align his administration’s challenges solely with Biden’s influence while holding firm to his strategies and outlook for future economic recovery, despite unfavorable economic indicators and public opinion.
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