The US president blames the first quarterly GDP decline in three years on his Democratic predecessor.

Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

He claimed the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% in the previous quarter. It comes as Trump marks 100 days in office, with opinion polls indicating public discontent over his economic stewardship.

  • Jaysyn@lemmy.world
    3·
    3 months ago

    Time is only going to make it worse, not better. The real pain hasn’t even started yet.

    We need to cut this cancer out while we still can.

  • Oyu_Fka@lemm.ee
    2·
    3 months ago

    Just because Zelensky was once a comedian, who stepped up to became a strong and capable president, it doesn’t mean employing a bunch of clowns to run your country is necessarily a good idea, lol!

    I honestly can’t wait to see how trump and his circus explain their way out of this - trump’s already trying to pin it on the previous Biden govt. ffs 😵‍💫.

  • GoodOleAmerika@lemmy.world
    1·
    3 months ago

    Only way to get him out is make this economy so poor that people don’t have food. Yep that on when people going to revolt. Else we are not going anywhere.

  • halcyoncmdr@lemmy.worldEnglish
    0·
    3 months ago

    He claimed the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

    I mean he’s probably right… Except if they were importing ahead of time to avoid the tariffs, you would assume things to either be the same or have a slight increase… Not contracting.