Trump Attributes Q1 Economic Dip to Biden Policies, Foresees Tariff-Driven Boom

Former President Donald Trump dismissed the first-quarter economic contraction as unrelated to his tariff policies, instead blaming the Biden administration’s lingering influence. "This is Biden’s Stock Market, not Trump’s," he asserted on TruthSocial, predicting an imminent economic surge once tariffs take full effect. "When the boom begins, it will be like no other. BE PATIENT!!!"

The remarks coincide with President Biden’s scheduled meetings with CEOs from Nvidia, GE Aerospace, and other major corporations. Trump’s commentary comes as he completes his first 100 days back in office, marked by frequent public appearances positioning tariffs as a catalyst for domestic reinvestment. "Companies are starting to move into the USA in record numbers," he claimed, framing the current downturn as a temporary ’Biden Overhang’ rather than structural weakness.