The U.S. GDP index was announced as a disaster, plunging to -0.3% against predictions of a modest decline from 2.4% to 2%. Financial markets reeled from the news. Trump quickly deflected, stating: “This is Biden’s stock market, not Trump’s,” claiming the market chaos reflects Biden’s tenure, not his recent return to power. However, critics argue Trump’s aggressive tariff wars have also sown uncertainty, disrupting global trade and contributing significantly to the market’s turmoil.
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