The inventory market, the U.S.’s gross home product and different metrics are pointing towards an financial downturn. President Donald Trump stated blame ought to go to his predecessor, Joe Biden, not his personal commerce insurance policies.
“That is Biden’s financial system, as a result of we took over on Jan. 20, and I feel you need to get us just a little little bit of time to get transferring,” Trump stated during remarks on the White Home on Wednesday afternoon.
Trump hung out at every of his three public occasions on Wednesday downplaying what the information spells concerning the impact his financial insurance policies are having on the U.S. and world economies. Whereas his administration has taken credit score for constructive indicators — comparable to information this month that the buyer value index confirmed that inflation was cooling — Trump has continued to dismiss criticism of his personal financial insurance policies.
