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".

Voters returned Donald Trump to the White House in November believing he would be better for the economy than his opponent, Democratic Vice President Kamala Harris.

The economy shrank in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of Trump's often chaotic tariff policy.

The Senate rejected a resolution Wednesday aimed at overturning President Donald Trump‘s global tariff emergency, a legislative win for the White House after a similar measure passed four weeks earlier.

A Senate vote to scrap President Trump’s wide-ranging “Liberation Day” tariffs narrowly failed on Wednesday, sparing Republicans a second consecutive blow as the president’s

It will be the second Senate vote this month on a resolution aimed at reining in Trump's tariff authority. If passed, the measure likely won't advance through the GOP-led House.