Following the Commerce Department’s final estimate on Thursday that the U.S. GDP dropped to negative for the first quarter of this year, social media users are questioning President Donald Trump.
In the midst of Trump’s escalating trade and tariff fights, the Commerce Department reported that the U.S. gross domestic product, a broad indicator of economic output, fell by -0.5% annually from January to March. Economists were taken aback by the fresh figure, which followed the department’s first estimate of a 0.2% decline in the economy.
Additionally, the estimate revealed that consumer spending decreased, growing by just 0.5% as opposed to 4% in the last quarter of the previous year.
“Many people feel pessimistic about the labor market, even though the hard data isn’t that bad,” MSNBC business analyst Steven Rattner wrote on X.
GDP growth in the first quarter was revised down to -0.5%, a sharp decline from 2.4% in the previous quarter.p3zqJbKN3q pic.twitter.com/
According to the Associated Press, some people attacked Trump for the new report, which shows that the GDP has shrunk for the first time in three years.
SAD ECONOMIC STORIES, Democratic strategist Jon Cooper added that Trump did this in a post on X.
According to Rep. Ted Lieu (D-Calif.), Trump is causing America to deteriorate.
GDP growth turned negative and was significantly less than anticipated. “To take quarter after quarter of positive GDP growth in the United States and turn it negative requires a unique kind of stupidity,” Lieu wrote.
Trump is a lousy president, one user stated plainly.
Let’s go [here]. Trump must wag the dog for this reason. Another user remarked, “His tariff created a totally predictable recession is coming.”
Another user posted: To put it another way, in just 80 days, Trump reduced GDP growth by 2.9%. historic incapacity.
Trump will yell, “BIDEN’S FAULT!” according to Joe Walsh, a former Republican congressman who just switched to the Democratic Party.
Trump will then yell, “BIDEN IS FAULT!”This link: https://t.co/2LocSZIJ8T
Trump has been rallying against Jerome Powell, the chair of the Federal Reserve, in recent days after the central bank held interest rates unchanged earlier this month due to members’ expectations of lower economic growth and rising inflation in the months ahead. Trump stated at a news conference Wednesday after a NATO summit that he is thinking about selecting three or four candidates to succeed Powell, whose tenure expires in 2026. During Trump’s first term, he was appointed to the position.
His mental state is mediocre. Trump claimed in the Netherlands that he has a low IQ for his work. In fact, I think he’s a really dumb person.
Powell has also been under fire from Trump on his social media account, Truth Social.
Too Late The Fed’s Jerome Powell will appear in Congress today to discuss his refusal to decrease the rate, among other things. Trump wrote, “We have had zero cuts, while Europe has had ten.”
With a strong economy and no inflation, we ought to be at least two or three points lower. would help the United States save at least 800 billion dollars annually. “This would make such a difference,” he added.
He made these remarks as the Federal Reserve maintained the borrowing rate, which has been in this range since December, between 4.25 and 4.5% in June. The central bank estimated that the GDP would grow at a rate of 1.4% and that two cuts would still be possible by the end of this year.
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