Trump decries 'Biden's Stock Market' after capping worst 100-day market performance in decades

President Trump was speedy to respond Wednesday to the quality that the US system contracted for the archetypal clip successful 3 years, which sent banal indexes lower.

"This is Biden's Stock Market ... we person to get escaped of the Biden 'Overhang,'" helium said successful a societal media post.

He added a bid of all-caps messages saying that the contraction has "NOTHING TO DO WITH TARIFFS" and besides "BE PATIENT!!!"

The timing of the lower-than-expected GDP fig and further sell-off couldn't beryllium worse for Trump.

The president is acceptable to decorativeness his archetypal 100 days successful bureau contiguous with different bid of dour economical indicators creating caller unit connected his commercialized plans, particularly aft tariffs drove a historically bleak commencement to his presidency successful the banal market.

The Wednesday greeting station was portion of a scramble from Trump and his squad to explicate the news. White House Trade Counselor Peter Navarro said connected CNBC, "That's the champion antagonistic people I person ever seen successful my life," pointing to things similar a surge successful imports and home investment.

Markets request to "look beneath the surface," helium added.

It each came successful effect to a Bureau of Economic Analysis beforehand estimation of archetypal 4th US gross home merchandise (GDP) uncovering that existent GDP decreased by 0.3% successful the archetypal 4th of 2025. It was some beneath expectations and the archetypal antagonistic GDP speechmaking since 2022.

It's a speechmaking that spans the past 20 days of Joe Biden's presidency and astir 70 of Trump's archetypal days successful office.

Trump is intelligibly aiming to absorption connected those archetypal 20 days and debar speech of the interaction of his humanities tariff efforts with claims that fewer economists would hold with.

Read more: The latest quality and updates connected Trump's tariffs

The Competitive Enterprise Institute, a free-market-focused deliberation vessel successful Washington, D.C., was 1 of the galore to rapidly propulsion back.

"That didn't instrumentality long," elder economist Ryan Young offered successful a statement, adding that "the US is halfway to a self-imposed recession, and tariffs are to blame."

Wednesday's GDP speechmaking came successful importantly little than the 2.4% complaint of maturation seen successful the 4th fourth of 2024.

It was besides the latest successful a caller bid of anemic numbers, including a below-expectations backstage assemblage jobs report, besides released connected Wednesday, that raises the stakes for Friday's wide jobs study from the government.

Democrats instantly jumped connected the number, with Sen. Elizabeth Warren of Massachusetts among the galore who tied the little GDP speechmaking with tariffs.