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".

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.

Trump acknowledged tariffs could raise prices and limit product variety, but blamed Biden for economic setbacks. As GDP shrinks, Democrats argue Trump's trade policies risk tipping the economy into recession.

President Donald Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers.

President Donald Trump is providing some relief to automakers reeling from his steep 25% tariffs imposed on foreign cars and auto parts. Trump, under a proclamation he signed April 29, is offering auto companies credits for a portion of the tariffs on auto parts that they import to build vehicles in the U.

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 pointed the finger of blame at former President Joe Biden, after data showed the U.S. economy shrank for the first time in three years. The Bureau of Economic Analysis said the U.