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President Donald Trump stated the US financial system is a mix of his enacted insurance policies and the results of the Biden administration in a wide-ranging interview on NBC’s “Meet the Press with Kristen Welker.”
“I feel the great elements are the ‘Trump financial system’ and the dangerous elements are the ‘Biden financial system’ as a result of he’s executed a horrible job,” Trump stated within the interview that aired Sunday.
Trump lately accomplished his first 100 days in workplace, with 66% of Individuals saying they’re pessimistic (29%) or afraid (37%) in regards to the financial system, based on a CNN/SSRS ballot launched Monday. Simply 34% say they really feel enthusiastic or optimistic. General, 69% of the general public considers an financial recession within the subsequent 12 months to be no less than considerably seemingly, together with 32% who say that’s very seemingly.
Trump took credit score for bringing prices down. “I used to be in a position to get down the prices. However even that, it takes some time to get them down. However we obtained them down good,” he stated.
Common grocery costs have been about 2.41% greater in March 2025 than they have been in March 2024, Client Value Index information reveals. This was the best year-over-year grocery inflation charge since August 2023.
Welker requested Trump if he would “take accountability” for the risky inventory market, which steeply declined after he introduced sweeping, reciprocal tariffs.
“I’ve solely simply been right here for a bit of greater than three months. However the inventory market, take a look at what’s occurred within the final quick time frame. Didn’t it have 9 or 10 days in a row, or 11 days, the place it’s gone up? And the tariffs have simply began kicking in. And we’re doing rather well,” Trump stated.
On Friday, the S&P 500 closed at 5,686.67, down 6% since January 21, the primary buying and selling session of Trump’s time period. On April 9, the S&P surged 9.5%, its greatest every day efficiency in almost 17 years, after Trump paused tariffs on most nations.
“What’s going to occur with the market? I can’t inform you, however I can inform you, our nation has gotten rather a lot stronger, and finally it’ll be a rustic like no different,” Trump stated on April 6, whereas downplaying inventory losses and including, “I don’t need something to go down, however generally you must take drugs to repair one thing.”
Trump has supplied little reassurance to Individuals and enterprise homeowners in regards to the short- and long-term results of his financial insurance policies, just like the imposed 145% tariff on Chinese language imports, the removing of the de minimis exemption, rounds of tariffs on auto imports and a common 10% tariff charge throughout the 90-day pause on most reciprocal tariffs.
Welker requested Trump, “You’re not taking the chance that (a few of) these tariffs might be everlasting off the desk?”
