Trump Blames Biden for Economic Contraction, Sees Tariff-Fueled Boom

The U.S. economy shrunk by 0.3% in the first quarter of 2023, prompting President Trump to blame his predecessor for the downturn. Despite the economic contraction, Trump asserted that tariffs imposed by his administration would soon reverse the trend and lead to substantial growth. He stated on social media that the impact of tariffs will be positive for the economy after they fully kick in, leading to a significant boom. Trump has since been highlighting his trade policies with upcoming meetings with CEOs from major companies and an executive session with his Cabinet.