Trump blames Biden after US economy shrinks | ABC NEWS
US President Donald Trump has shifted blame to predecessor Joe Biden for the country’s economic decline, after the US GDP shrank 0.3 per cent in the first quarter of 2025. Mr Trump suggested the effect of his tariff hikes was yet to be reflected.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2025-05-01/us-economy-shrinks-in-first-quarter-of-2025-trump-tariffs/105236706
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia #abcnewschannel
