Trump blames former president Biden for shrinking US economy

Money Talks • May 1, 2025

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The US economy shrunk by an annual rate of 0.3 percent in the first quarter of this year, the first time its contracted in three years. Concerns about a recession are growing, because of Trump's tariff policies. American businesses have been stockpiling goods and avoiding higher costs that are coming with the new taxes, but the president appears unconcerned and is convinced he's on the right path.

Trump blames former president Biden for shrinking US economy

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