- Trump blamed Biden for the inventory market hunch regardless of being over 100 days into his second time period.
- His shock tariffs triggered a market drop, resulting in public frustration and shifting rhetoric.
- Polls present most voters now blame Trump’s insurance policies for the financial system’s decline, not Biden’s.
President Donald Trump is catching warmth after the inventory market logged its worst 100-day begin to a presidency since Nixon. However if you happen to ask him, it’s bought nothing to do together with his personal insurance policies — it’s all Joe Biden’s fault.
“That is Biden’s Inventory Market, not Trump’s,” he posted on Fact Social, attempting to calm nerves after the Commerce Division dropped a tough stat: the U.S. financial system shrank 0.3% in Q1 2025 — the primary contraction in three years.
“Tariffs will quickly begin kicking in,” Trump continued, claiming firms are speeding into the U.S. and a “increase” is coming. “BE PATIENT!!!” he added.
“We Inherited a Mess,” Trump Says — Once more
Later that day, in a Cupboard assembly, Trump doubled down. Regardless of being over 100 days into his time period, he insisted the financial hunch was simply Biden leftovers. “That is Biden,” he mentioned. “You would even say the subsequent quarter remains to be Biden.”
Pressed by reporters, Trump added, “I’m not taking credit score or discredit. We got here in on Jan. 20, and we inherited a large number. It’s an enormous ship to show round.”
Which, for the file, is sort of the pivot from his earlier takes. After his 2024 win, he referred to as rising shares the “Trump impact.” Again then, he couldn’t cease bragging about how Wall Avenue was cheering his return.
Tariffs Set off Market Panic
However issues shifted quick after his shock “Liberation Day” speech on April 2, when he introduced a wave of tariffs that caught traders fully off guard. The market dipped arduous — and stayed shaky even after he paused these tariffs for 90 days.
In interviews since, Trump’s walked again a few of his earlier guarantees, now referring to it as a “transition interval.” He informed ABC, “We warned folks this wouldn’t be straightforward,” regardless of having pitched Day 1 prosperity through the marketing campaign.
Polls Present Voters Level the Finger at Trump
Regardless of his makes an attempt to deflect, latest polling suggests most Individuals aren’t shopping for it. A CNBC survey discovered 54% of adults imagine Trump’s insurance policies are having — or could have — a unfavourable influence.
An NPR/PBS ballot confirmed 60% of voters suppose Trump is chargeable for present financial circumstances. And in a New York Instances/Siena Faculty ballot, voters break up blame between Trump and Biden, suggesting doubts in regards to the new administration’s path are beginning to rise.
Biden Allies Hit Again
Former Biden aide Andrew Bates got here out swinging: “Joe Biden publicly warned Trump in opposition to elevating costs with tariffs,” he mentioned, calling them the largest middle-class tax hike in trendy historical past. He added, “Trump is the one president to crash a rising financial system in simply 100 days — and the one one to bankrupt a on line casino.”