President Trump $TRUMP has asked investors to give him “a little bit of time” after the U.S. economy shrank for the first time in three years, with GDP falling 0.3% last quarter. At a White House event with top CEOs, Trump $TRUMP blamed Joe Biden for the downturn and unveiled $8 trillion in private-sector investment plans.$ETH

Democrats quickly pushed back, calling it Trump’s economy now. “This is not Biden’s economy—it’s yours, and it’s failing,” said Rep. Hakeem Jeffries.

Despite earlier gains under Biden—like 3.1% GDP growth and 2.9% inflation—Trump’s first 100 days have been rocky. A Senate vote narrowly blocked an effort to limit his trade tariffs, with some Republicans joining Democrats in criticism.

Meanwhile, major ports are seeing steep drops in Chinese imports due to new tariffs, sparking concerns over potential product shortages. Still, Trump shrugged it off, saying Americans might have “two dolls instead of 30.”