President Trump dismissed a disappointing GDP report, attributing the economic decline to Biden's policies rather than his own tariff actions. Following a report of a 0.3% GDP drop in early 2025, he expressed confidence in future economic growth driven by tariffs and a surge in businesses relocating to the U.S. Despite the current stock market sell-off, Trump urged patience, asserting that his trade policies will ultimately result in a booming economy once the initial effects are felt. He highlighted ongoing negotiations for new trade deals to ease tariffs set to take effect in July.
Trump rejected the notion that his tariffs are causing business uncertainty, claiming GDP drop relates to Biden’s policies, while insisting tariffs will eventually lead to economic boom.
Trump emphasized patience, saying, "when the boom begins, it will be like no other... HAS NOTHING TO DO WITH TARIFFS." This statement asserts his belief in a future economic recovery.
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