• Trump claims the U.S. economy is in decline due to Biden's policies.
• The economy contracted by 0.3% in the first quarter of 2025.
• Trump insists tariffs will bring a future economic boom, asking for patience.
• Many Americans express skepticism about Trump's claims regarding the economy.
• The stock market shows turbulent performance tied to Trump's tariff policies.

In a recent address, President Trump asserted that the ongoing economic contraction is due to the legacy of former President Joe Biden, stating, "This is Biden’s Stock Market, not Trump’s." He emphasized that the negative economic indicators, including a 0.3% contraction in the first quarter of 2025, are not a result of his administration's tariff policies, a claim he made in various posts on social media, including Truth Social, according to Reuters, The Hill, and Business Insider.

Despite the contraction being the first in three years, Trump urged patience, claiming the tariffs will lead to a resurgence of U.S. manufacturing. "Companies are starting to move into the USA in record numbers," he stated, asserting that the positive effects of tariffs will soon materialize, although economic analysts warn that Trump’s policies could lead to further instability, as reported by India Times and HuffPost.

Trump's insistence that the downturn has "NOTHING TO DO WITH TARIFFS" has drawn criticism, as many attribute the market instability directly to his aggressive tariff policies. Trump's administration has faced significant scrutiny as the U.S. stock market experiences considerable volatility, with the S&P 500 down approximately 7% since he took office, according to Al Jazeera and Salon.

Critics on social media and economic experts have questioned Trump's narrative. Many point out that his earlier claims of the stock market being strong under his administration contradict his current stance that it is now Biden's market, which reflects a troubling inconsistency in his economic messaging, noted by HuffPost.