#Breaking_Crypto_News
BREAKING: The U.S. economy shrank by 0.4% in the first quarter of 2024, surprising many and sparking a major political fight.
Former President Donald Trump blamed the drop on what he called “failed Bidenomics.” He accused President Biden of causing high inflation, slow growth, and policies that hurt businesses.
Trump promised a major economic comeback, saying he would bring back tariffs and that businesses are already returning to the U.S. “New tariffs are coming,” he said. “But fixing the current problems will take time.”
Experts say weaker consumer spending and falling exports caused the decline, although unemployment is still low. Trump brushed off worries that tariffs could raise prices, claiming the real problem is Biden’s leadership.
The Biden administration defended its record, pointing to strong growth in 2023 and accusing Trump of twisting the facts.
Markets reacted cautiously to the news, and the Federal Reserve is now thinking about cutting interest rates.
Key Points:
GDP drop fuels 2024 election fight over the economy
Trump promotes tariffs and promises recovery
Biden team defends record, challenges Trump’s claims
Experts split on whether it’s a short dip or long-term concern
#TrumpCryptoSupport 🫱🫲🫱🫲