The American economy contracts for the first time since 2022 and ruins the 100 -day party to Donald Trump making the fears of a recession echo. The GDP in the first quarter marked a -0.3%, penalized by a boom in imports (+41.3%) to get around the arrival of the duties. A cold shower for bags, but also and above all for the White House. “It is the legacy of Joe Biden, nothing to do with rates,” said the president on his social truth, leaving anger and frustration. Trump played most of his election campaign on the economy promising the start of the golden age, and the data on GDP seem to see him slip on his workhorse. The situation could in fact make worsen as the duties will make their effect feel fully, despite the analysis in detail of the data on the GDP, a resilience of the American economy and not a sudden braking, if it is held against the technicalities with which the import is calculated. The trend of the economy concerns the first three months and therefore does not include the ‘liberation day’, on April 2 used by Trump to announce mutual rates. “The duties make us enrich,” he repeated in Michigan during the-celebrations-shows for his first 100 days. «They were the best ever. And it’s just the beginning. The golden age for America has just begun, “Trump assured his supporters, promising that” nothing will stop him “in making America again safe and rich. A wealth that passes not only for rates but also for a significant tax cut. “We will make a fair commercial agreement with China,” Trump then highlighted, committed to trying to reach commercial agreements before the July deadline, when the break that has granted on rates will end.
“Thanks to the duties, the companies are returning to invest in the United States,” he observed by quoting the commitments made by giants such as TSMC and Apple before seeing the Blante’s managing directors of Corporate America at the White House, worried by the commercial war. So far no understanding on the commercial has been reached, not even with the nearby Canada, where the victory of Mark carney He was a slap in Trump and his expansionist aims. After jokingly, pushing himself to say that he would like to do the father, the president in front of his fans listed the successes achieved, especially on the immigration front. “The arrivals on the border with Mexico collapsed by 99.9%,” he evidently said proudly showing a video on the maximum security prison of El Salvador, where migrants are sent who are the “worst of the worst”. Huge steps forward – he added – were made on the price front.
“Inflation has fallen. I know that I shouldn’t criticize the president of the Fed but he is not doing a good job. I know more about rates,” he explained by returning to criticize Jerome Powell without however appointing him. The duties have increased the pressure on the Fed, placing it in the face of the dilemma of the increase in prices and a braking of the economy and the work market, which begins to show signs of weakness. Brusca braking of the American economy has slowed down the European bags, which closed in a scattered order with Frankfurt of 0.32% and Milan down 0.71%. Trump, “cut the president short.