Trump claims that the prosperous sectors of the US economy are a result of his administration, while he attributes the sluggish areas to the economic policies under President Biden.
Revamped Article:
Donald Trump's economy takes a mix of his policies and Biden's missteps, according to Trump himself in a frank interview on NBC's "Meet the Press with Kristen Welker."
"I reckon the good parts are the 'Trump economy,' and the bad parts are the 'Biden economy' because he's bloody awful at it," Trump excitedly said during the broadcast.
With Trump recently completing his first 100 days in office, a CNN/SSRS poll revealed that 66% of Americans are either pessimistic (29%) or terrified (37%) about the economy. Just 34% said they feel enthusiastic or optimistic. A whopping 69% consider an economic recession in the next year to be at least somewhat likely, with 32% believing it's very much on the cards.
Trump claimed victory for cost reduction. "I managed to bring the prices down. But even that takes a while to work its magic, but we've done a damn good job," he stated.
Grocery prices jumped about 2.41% in March 2025 compared to March 2024, Consumer Price Index data confirms. This marked the highest year-over-year grocery inflation rate since August 2023.
Welker probed Trump about the volatile stock market, which took a sharp dive after Trump announced sweeping, reciprocal tariffs.
"I've only just been here for a lick over three months, but the market, check this out - didn't it have nine or 10 days in a row, or 11 days, where it soared? And the tariffs have just started setting in. We're doing bloody smashing," Trump boasted.
In frustration, Trump pointed out that the S&P 500 plummeted 6% since January 21, the first trading day of his term. Yet, on April 9, the S&P surged 9.5%, its best daily performance in nearly 17 years, following Trump's decision to pause tariffs on most nations.
"What'll happen with the market? I can't tell ya, but I can tell ya, our country has gotten stronger, and eventually, it'll be a country like no other," Trump announced on April 6, gambling stock losses on a necessary remedy.
Trump remains tight-lipped regarding the long- and short-term consequences of his economic plans, such as the 145% tariff on Chinese imports, the scrapping of the de minimis exemption, rounds of tariffs on auto imports, and a universal 10% tariff during the 90-day pause on most reciprocal tariffs.
When Welker asked Trump if he would "take responsibility" for the rollercoaster stock market, he responded, "Well, I've only been here for a bit over three months. But the market, look at what's happened in the past short period – didn't it have nine or 10 days in a row, or 11 days, where it soared? And the tariffs have just started kicking in. We're doing bloody smashing."
(The enrichment data reveals that the short-term effects of Trump's tariffs include a GDP slowdown, inflationary pressures, market volatility, auto tariff-induced supply-chain disruptions, and China-specific tariff-related exports reductions. Long-term risks include structural shifts in trade, stagflation, and recession signals, as well as sector-specific impacts - particularly on agriculture, manufacturing, and specific sectors like technology. Comparative impact analysis indicates that import surges precede tariff implementation, reduced import diversity may follow from the 10% universal tariff, supply-chain bottlenecks and industry relocation delays may result from auto tariffs, and export collapses in targeted sectors might occur with China tariffs.)
- The current general news discourse is dominated by discussions on the mixed economy resulting from President Trump's policies and President Biden's missteps.
- Amidst this economic recession that 69% of Americans deem at least somewhat likely, President Trump has taken credit for reducing costs, stating, "I managed to bring the prices down."
- However, the average American's intention to either pessimistically or terrifyingly view the economy is reflected in a CNN/SSRS poll, with 66% being either pessimistic or terrified.
- Despite the volatile stock market and the rollercoaster it has experienced, President Trump seems unfazed and intends to continue his policy-and-legislation focused on tariffs, hoping for long-term reassurance of a stronger nation.
