The US president has recently faced criticism for making contradictory statements about the stock market, especially as the economy has contracted for the first time in three years.
Since his return to the White House, Donald Trump has promised to “make America rich again.” Along with tech powerhouse Elon Musk, his government has been substantially cutting federal financing in a number of fields. But Trump’s actions have created major volatility in the stock market, resulting in a shocking $2 trillion value drop in just 25 seconds earlier this month.
It is clear as we travel this complex economic landscape that discussions on the US stock market and leadership still motivate Americans to think and question.
The Commerce Department declared on April 30 that the US economy contracted by 0.3 percent between January and March, therefore concluding a three-year period of increase. Two consecutive quarters of negative growth define a technical recession, which this slump dangerously nears in terms of economic performance. Early COVID-19 epidemic in 2020’s last recession happened in the early months.
Though Trump maintains these tariffs would eventually result in a growing US market, his strong tariff measures have caused questions among economists. China, one of the nations most affected by these tariffs, saw taxes rise to an incredible 245 per cent before Trump temporarily halted them for all nations for 90 days. In retaliation, China—home to the largest manufacturing sector in the world—has taken reciprocal measures.
Canada is also under pressure since all exports to the US are subject to a stiff 25 per cent tax. Under these circumstances, freshly appointed Prime Minister Mark Carney urgently has to review and renegotiate commercial ties with the United States.
As was to be expected, Trump turned to social media to remark on the unstable economic situation and assigned Vice President Joe Biden full responsibility. In a post on Truth Social on April 30, he stated: “This is Biden’s Stock Market, not Trump’s.” He asserted that he didn’t assume office until January 20 and that tariffs would soon begin to take effect, claiming that companies are relocating to the US in record numbers.”Our country will see fast expansion, he insisted, but we have to eliminate the Biden ‘Overhang.'”
Interestingly, Trump emphasized that the current economic situation had “NOTHING TO DO WITH TARIFFS,” arguing instead that Biden “left us with bad numbers.” But just fifteen months before this, Trump had openly taken credit for a robust economy that had developed throughout Biden’s tenure.” THIS IS THE Trump Stocks MARKET BECAUSE MY POLLS AGAINST Biden ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP… Make America Great Again!
People have gone to X (previously Twitter) to underline the irony after noticing this flitting storyline. “Just incredible,”
one user said, side-by- side comparing Trump’s remarks with their dates. “So according to Trump, the stock market belonged to him, but now that he’s back in charge, it’s Biden’s,” another chimed in sarcastically. Makes reasonable.
A third user said, “Trump: ‘Stock market up? I am that! Declining stock market? Point blame on Biden! Sky blue here? Thank Trump! Grey Sky? That’s Biden’s error.'”
It is abundantly evident as we negotiate this convoluted economic terrain that conversations about the US stock market and leadership still inspire debate and introspection among Americans.
Just incredible pic.twitter.com/m7NFYlmZcs
— Parker Butler (@parkerpbutler) April 30, 2025