US President Donald Trump has shared his first reaction to the GDP figures which were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth Social, Trump claims: "this is Biden’s Stock Market, not Trump’s".

Tariffs on China will remain at their current levels, according to Stephen Miran, a key architect of President Donald Trump’s trade policies. Miran’s comments come at a time when the administration is trying to calm nervous investors but offering mixed signals.

Trump touts economy at Michigan 100-day rally, as Americans grow wary Trump renewed his criticisms of Fed Chair Powell and doubled down on calls for Congress to slash taxes, a plan that budget analysts said could add trillions to the nation's $36.

President Donald Trump is holding a rally in Michigan on Tuesday to mark the first 100 days of his second term, staging his largest public event since returning to the White House in a state that has been especially rocked by his steep trade tariffs and combative attitude toward Canada.

Trump also appears to be desperate to take credit for wins that weren’t his. And he posts it all on the internet. “This is Biden’s Stock Market, not Trump’s,” Trump wrote on social media Wednesday following news of the economic contraction caused by his tariffs.

President Donald Trump has gotten worrisome news about how the U.S. economy is battening down for potential fallout from his tariffs

President Donald Trump on Wednesday blamed his predecessor, former President Joe Biden, for the stock market’s weak performance, as the main U.S. indexes headed for losses after a report showed the economy has contracted.