Sunday, May 4, 2025

Trump blames ‘unhealthy components’ of financial system on Biden

U.S. President Donald Trump walks to board Marine One to depart for Alabama, on the South Garden of the White Home in Washington, D.C., U.S., Might 1, 2025.

Nathan Howard | Reuters

President Donald Trump took credit score for the “good components” of the financial system in an unique interview with NBC Information airing Sunday, however stated that the “unhealthy components” are former President Joe Biden’s financial system.

Trump defended his tariffs, even amid the financial uncertainty stemming from the sweeping announcement.

“Finally, I take accountability for every part, however I’ve solely simply been right here for a bit of greater than three months,” Trump stated.

“The tariffs have simply began kicking in. … The tariffs are going to make us wealthy. We will be a really wealthy nation,” he added.

It isn’t the primary time that Trump has tried to shift blame to his predecessor. Simply final week, he put the onus on Biden for the U.S. financial system contracting within the first quarter of the 12 months.

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Trump additionally doubled down on feedback he made throughout a Cupboard assembly earlier within the week, when he dismissed considerations that his tariffs would result in provide shortages.

“I do not assume a wonderful child woman wants – that is 11 years previous – must have 30 dolls,” Trump stated.

“I am simply saying (youngsters) need not have 30 dolls, they’ll have three, they need not have 250 pencils, they’ll have 5,” he added.

Within the interview, Trump additionally downplayed the potential for long-term destructive impacts from his tariffs on the U.S. financial system, even when the U.S. experiences a recession within the quick time period.

“Look, yeah, it is — every part’s OK. What we’re — I stated, it is a transition interval. I believe we will do fantastically,” he informed Welker.

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