The US president accused his predecessor, Biden, of the state of the economy and tried to downgrade fears of missing goods
To give the government more time to reflect on the economy, the US President Donald Trump has requested on Wednesdays in the midst of fears of recession that intensified after the US economy was reduced for the first time in three years.
Trump described the data on the state of the US economy misleading, noting that businesses had accumulated imported products before duties.
The US president also said that businesses have promised to invest 8 trillion investments. Dollars, which -as he argued, will restore US manufacturing capacity.
It is noted that according to data from the US Department of Commerce, the US economy shrunk by 0.3% annually in the first quarter of the year, in a sharp reversal after growth 2.4% recorded in the previous quarter.
A particularly negative development for the US president who just completed 100 days in power and while polls seem to intensify Americans’ discontent for his handling of the economy.
Speaking on Wednesday afternoon at an event at the White House in the presence of head of business, Trump accused his democratic predecessor, Joe Biden, of the disappointing data of US GDP.
“This is Biden’s economy, because we took over on January 20,” Trump said, adding: “I think you have to give us some time to move.”
Trump’s attack on Biden, as expected, sparked a reaction from the Democratic Party.
Hakim Jeffris, head of the minority in the US House of Representatives, replied: “This is not the economy of Joe Biden, Donald, is your own economy. It’s Trump’s economy, it’s a failed economy and the American people know it. “
During the White House event, Trump also praised the scheduled investment in technology, health care and infrastructure, presenting big companies’ chief executives, such as Hyundai’s Jose Munoz, Toyota’s Ted Hohason and Johnson.
Trump also called on Congress to vote on the government’s tax bill, which includes trillions of dollars in tax cuts and expenditure, but faces reactions from democratic and some Republicans.
Meanwhile, during his television appearance earlier yesterday with members of his cabinet, Trump downgraded fears of product deficiencies such as games, which has been triggered by a sharp decline in trade between the US and China.
“Well, maybe the kids should have two dolls instead of 30, you understand?” He said, adding: “Maybe both dolls cost a few dollars more than they would normally cost.”
It is recalled that Trump has imposed up to 145% duties on Chinese products imported into the US, with China “responding” with a 125% tax on US products.
The Trump government even said that when new duties are added to existing ones, duties on some Chinese products could reach 245%.
Source: Skai
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