Trump orders Americans ‘being patient’ because the economy is unexpected

President Donald Trump on Wednesday accused his predecessor of changing stock market amid the unexpected reduction of the US economy in the first quarter – but voiced that the economy is still ready for rapid growth.

Reserves fell on Wednesday morning after the new data showed that the economy was for the first time in three years.

“This is the stock market of Biden, not Trump,” ” president He wrote about the truth of the social.

“I did not take on January 20. The tariffs will soon start, and the companies start to go to the United States in a record number,” Trump continued. “Our country will be a boom, but we must get rid of Biden.” “

Trump announced the tariffs on April 2, which was technically in the second quarter, although some experts believe that the upcoming threat of tariffs for today’s figures. (Chip Somodevilla / Getty Images / Getty Images)

In April, the private sector added 62,000 jobs, which is much lower in expectations, ADP says

A Dow Jones Industrial Medium decreased more than 600 points, or 1.5%, while the S&P 500 and NASDAQ composite decreased by 1.8%and 2.2%respectively.

According to the results, in the first quarter, which runs from January to March, the stock market (GDP) decreased by 0.3%, which runs from January to March, reports the Economic Analysis of the Department of Trade (BEA). Economists interviewed by the London Stock Exchange (LSEG) expected the economy to grow at a speed of 0.3% in the quarter.

Trump announced the tariffs on April 2, which was technically in the second quarter, although some experts believe that the upcoming threat of tariffs for today’s figures.

The trader works on the New York Stock Exchange in New York. (Reuters / Reuters)

Consumer confidence was immersed to a 5-year minimum in April

The President claimed that pressing the stock market may take some time to get out, and insisted that they had nothing to do with the wide tariffs he announced earlier this month.

“It will take a while, has nothing to do with the tariffs, only in that it left us with bad numbers, but if the boom starts, it will be like no other. Be patient !!!”

For example, the import, which is considered subtracting in GDP, increased by 41%in the first quarter, which is partially conditioned by importers who pre -ordered products by seeking Trump tariffs. There was also a decrease in public expenses, with both changes partially offset by the increase in investment, consumer costs and exports.

Meanwhile, consumer expenses have increased by 1.8%with both services (+2.4%) and goods (+0.5%), since increasing services are widespread and headed health, housing and utilities. During the cost of goods, the unique goods increased by 2.7%, partly offset by 3.4% of durable goods.

Imports, which are taken into account as subtraction when calculating GDP, increased by 41%in the first quarter, which is partially due to importers, pre -ordered products, trying to ensure that supplies defeat tariffs on Trump. (Brandon Bell / Getti Image / Getti Image)

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Business investment In the first quarter, it increased by 21.9% after the fourth quarter decreased by 5.6%. Non -residential investments increased by 9.8% in the quarter, led by 22.5%.

In the first quarter, one -time personal profit was 2.7%, compared to 1.9% in the fourth quarter.

Personal savings As a percentage of personal income in the first quarter, it was 4%, which compared to 3.7%in the fourth quarter – although in the first quarter of 2024 it decreased with 5.4%.