U.S. President Donald Trump, in a wide-ranging interview taped at his Mar-a-Lago property in Florida, claimed credit for the “good parts” of the U.S. economy while attributing negative aspects to his predecessor, Joe Biden. The remarks came as the U.S. economy experienced a reported 0.3% decline in the first quarter of 2025, prompting Trump to deflect responsibility.
He argued that positive economic indicators, such as job growth and stock market performance, were a continuation of his first-term policies, while criticizing Biden’s tenure for what he described as mismanagement leading to inflation and economic slowdown. Trump’s comments were part of a broader discussion about his second administration’s agenda, which has faced public scrutiny as it passes the 100-day mark.
Trump highlighted his administration’s tax cuts and deregulation efforts as drivers of economic prosperity, claiming they had laid the foundation for sustained growth. He contrasted these with Biden’s policies, particularly on energy and trade, which he said had stifled businesses and increased costs for consumers. The 0.3% economic contraction, driven by reduced consumer spending and global trade uncertainties, was framed by Trump as a direct result of Biden’s “terrible job” in managing fiscal policy. He also addressed concerns about his proposed tariffs, denying they would cause supply shortages but suggesting consumers could make do with fewer goods, such as “three dolls instead of 30” for children. This stance has sparked debate among economists, who warn that tariffs could exacerbate inflation without addressing underlying supply chain issues.
The interview also touched on Trump’s broader economic vision, including plans to boost domestic manufacturing and reduce reliance on foreign imports. However, critics have pointed to the challenges of implementing these policies amid global economic headwinds and domestic political divisions. Trump’s refusal to take accountability for the recent downturn aligns with his campaign narrative of portraying himself as the architect of economic recovery while distancing himself from setbacks. The remarks come at a time when public opinion polls indicate mixed views on his economic leadership, with some voters crediting his business background and others expressing concern over rising costs and trade disruptions. The economy remains a central issue as Trump navigates his second term, with his administration facing pressure to deliver tangible results.