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Trump Says He Deserves a ‘Pass’ on Weak GDP Data

Posted

April 30, 2025

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President Donald Trump blamed former President Joe Biden for weak economic data that sent stocks tumbling, arguing government data showed increased domestic investment signaled his tariff regime is working. Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3%, according to initial government data published Wednesday.

“I have to start off by saying, that’s Biden. That’s not Trump,” Trump said Wednesday during a Cabinet meeting. “Let’s give us a pass on the first month, we were sort of getting a little bit used to things,” Trump added.

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President Donald TrumpPresident Joe BidenWednesday IBiden ThatsTrump Trump

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Trump Says He Deserves a ‘Pass’ on Weak GDP Data · Bloomberg News · Sentinel