The stock market, the U.S.’s gross domestic product and other metrics are pointing toward an economic downturn. President Donald Trump said blame should go to his predecessor, Joe Biden, not his own trade policies.
“This is Biden’s economy, because we took over on Jan. 20, and I think you have to get us a little bit of time to get moving,” Trump said during remarks at the White House on Wednesday afternoon.
Trump spent time at each of his three public events on Wednesday downplaying what the data spells about the effect his economic policies are having on the U.S. and global economies. While his administration has taken credit for positive indicators — such as news this month that the consumer price index showed that inflation was cooling — Trump has continued to dismiss criticism of his own economic policies.