In early January 2024, Donald Trump claimed that his lead over Joe Biden in polling was driving the stock market upwards. However, after a downturn in early 2025 economic reports, Trump shifted blame to Biden, stating it was 'Biden's Stock Market.' Economists have noted the significant impact of Trump's import taxes on the economy, with questions arising about the timeline of presidential responsibility for economic conditions. Trump's blame game highlights the complexities of accountability in the economic sphere amid fluctuating market conditions.
When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, Trump knew exactly who to blame: Biden.
This is Biden's Stock Market, not Trump's,'' he posted, adding that Biden left us with bad numbers, but when the boom begins, it will be like no other.
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