Following President Trump's first 101 days in office, a report revealed a contraction in the nation's GDP, signaling potential economic challenges ahead. This came during a quarter marked by significant losses on Wall Street, raising concerns among businesses and consumers. As Trump embarks on trade wars that risk supply chain disruptions and inflation, the economic situation could impact his reputation for competence. Analysts note that if economic struggles persist, it may parallel Biden's withdrawal from Afghanistan in terms of long-term political ramifications.
“Stock prices were down sharply, Wall Street's worst performance... since Gerald R. Ford tried to steer the country out of scandal and inflation.”
“The first-quarter figures brought the political risks for him into focus... what is at stake is a question of fundamental competence.”
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