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Trump Blames Biden for US GDP Decline as UK Soars

5/1/2025

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Summary

Story summary

Donald Trump shifted the blame for the US GDP's 0.3% decline onto Biden's policies, insisting tariffs aren't to blame. This contraction was largely driven by rising imports. In contrast, the UK's FTSE 100 index celebrated a remarkable 13-day rally, showcasing resilience amid the economic turbulence in the US.

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Story summary

Donald Trump shifted the blame for the US GDP's 0.3% decline onto Biden's policies, insisting tariffs aren't to blame. This contraction was largely driven by rising imports. In contrast, the UK's FTSE 100 index celebrated a remarkable 13-day rally, showcasing resilience amid the economic turbulence in the US.