US President Donald Trump has urged Americans to remain patient amid a first-quarter economic contraction, insisting that the country is on the verge of a major economic boom.
Speaking on Wednesday, Trump downplayed concerns over the recent decline in economic growth, arguing that the temporary slowdown is a necessary step toward long-term prosperity. “Our country will boom,” he declared. “But we have to get rid of the Biden ‘Overhang.’”
The US economy shrank in the first quarter, driven largely by a surge in imports as businesses rushed to avoid the effects of escalating tariffs. Despite criticism of his trade policies, Trump maintained that the downturn had “nothing to do with tariffs” and instead blamed his Democratic successor, Joe Biden, for what he called “bad numbers.”
“This is Biden’s stock market, not Trump’s,” he said. “This will take a while… but when the boom begins, it will be like no other. BE PATIENT!!!”
Trump’s comments come as debate continues over the impact of his trade strategies and tariff policies, which some economists say have added volatility to global markets. Nevertheless, the former president remains confident that his approach will ultimately pay off, setting the stage for what he envisions as unprecedented economic growth.
