Trump blames Biden for US economy's shrinkage since he assumed the presidency
The United States economy has unexpectedly shrunk at a rate of 0.3 per cent during the first three months of the year, in the first decline in gross domestic product [[GDP]] since 2022. As analysts say a recession is now more likely, President Donald Trump has told a Cabinet meeting the result is due to the Biden Administration's policies, not his tariffs plan.
SBS News In Depth · SBS Audio
May 1, 20256m 16s
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Show Notes
The United States economy has unexpectedly shrunk at a rate of 0.3 per cent during the first three months of the year, in the first decline in gross domestic product [[GDP]] since 2022. As analysts say a recession is now more likely, President Donald Trump has told a Cabinet meeting the result is due to the Biden Administration's policies, not his tariffs plan.