President Donald Trump deflects blame for the U.S. economy’s 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise.
What Happened: On Wednesday, Trump posted on Truth Social, blaming former President Joe Biden for the country’s Gross Domestic Product (GDP) contracting by 0.3% during the first quarter. This marks the first GDP contraction for the country in three years.
Trump, who assumed office on Jan. 20, 2025, claimed in the post that “This is Biden’s stock market, not Trump’s,” and insisted the contraction “has nothing to do with the tariffs.”
