Trump Biden’s guilt, but the customs tariff is a sign of declining GDP in the first quarter

The American economy has achieved the worst quarterly performance since 2022, given the changes by Donald Trump in commercial and financial policy. Soon after the new data, Trump tried to distance himself from the fall, but he admitted that the definitions would have an impact on consumption and prices for Americans.

“Perhaps children will have two dolls instead of 30, and they may cost dolls a few dollars more than they cost them naturally.”

Trump has admitted the effect of decline in population spending in the first three months of the year. Consumption is the largest engine for the American economy and was strongly affected by the concerns of the population that involves the tariff of the Republic.

During the first three months of the government, Consumer confidence has reached the lowest level From Covid-19. This directly affected the result of the US gross domestic product. In the first quarter of 2025, The country’s gross domestic product was negative, in the first fall since 2022.

According to the Ministry of Commerce data, the US economy fell 0.3 % in this period. The expectation of the opposite movement was 0.3 %. Trump sought to avoid blaming to decline. “And I must start by saying that This is with Biden, not with Trump. “

While consumers spent less, companies imported more while preparing for a tariff. The purchase of products from other countries grew by 41 % in this period, which increased the American trade deficit – when it imports the country more than exporting them.

However, Trump asked for calm and said again that the rates are a way to restore the American economy. He also strengthened the desire to negotiate with Chinese leader Xi Jinping.

“This will happen,” Trump said.

The US President highlighted the bad performance of Chinese industrial activity, Which provided a strong decrease in April. The manufacturers were selling more before imposing definitions. But with the imposition of Trump taxes, the Chinese industries reduced their sending abroad, as well as being affected by the weakest of the internal demand.