In the second term of the second term, the country's economy collapsed in the first quarter during the US President Donald Trump. During the January-March of 2021, the US GDP growth has decreased. However, he blamed former President Joe Biden to reduce GDP. Not only that, at a cabinet meeting at the White House on Wednesday, he said that the policy of the second quarter would also be responsible for the biden's policy.
Trump said, 'It's the fault of Biden. You can say that the next margin is often because of it, because something does not happen in a day or an hour. '
In the first three months of 2021, the US economy has shrunk at the annual rate of 8.5 percent, which is the first negative growth in the last three years. Analysts say there are basically three reasons behind this – increasing imports as the advance effect of the new tariff policy, reducing the budget, especially in the defense sector, and policy uncertainty.
“We took charge on January 25,” Trump said. This is the situation in the stock market – that proves what the country is in a bad situation. '
In a post given by Truth Soshel, he wrote, 'It is still the stock market of Biden, not mine. If the tariff is effective, many companies will invest in the American record number. The country's economy will boom then. But we have to remove the burden of leaving the biden first. '
Economists, however, say Trump's claims are not reality. Government statistics show that one of the reasons for the decline in the first quarter GDP was to increase imports before the announcement of the Trump administration's tariff, which has a negative impact on internal production.
On the other hand, the decrease in the cost of defense sector is also a major reason for the decline in government costs. At the same time, the ADP report published on Wednesday showed that in April, only 12.5 new jobs were created in the private sector, with the expectation that there were about 120,3. In March, the number was 1,3,3 – which is now in the downward.
This weak economic index has come at a time when Trump is demanding his success in the economy in the 7th day of its second term. In a speech, he said, “Inflation has decreased – this is my achievement.” However, according to data published at the same time, the consumer price has increased by 5.7 percent, which is much higher than the previous quarter (2.5%).
Former Biden administration spokesman Andrew Bates said Joe Biden left the world's best performance in the world. Then the United States lagged behind other rich countries. And now we are moving towards a 'Trump-Mandar'. “
Trump is not a new strategy to blame Biden's policy and to avoid responsibility for his policy. In January 2021, he also claimed to be Trueth Sosle, “This is Trump's stock market, because my poll is so better than Biden that investors are assumed to win.”
