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Trump blames ‘unhealthy elements’ of financial system on Biden

Trump blames 'bad parts' of economy 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., Could 1, 2025.

Nathan Howard | Reuters

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

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

“In the end, I take duty for all the pieces, however I’ve solely simply been right here for just a little greater than three months,” Trump mentioned.

“The tariffs have simply began kicking in. … The tariffs are going to make us wealthy. We’ll 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 yr.

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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 good looking child lady wants – that is 11 years previous – must have 30 dolls,” Trump mentioned.

“I am simply saying [children] 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 chance of long-term damaging 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 — all the pieces’s OK. What we’re — I mentioned, it is a transition interval. I feel we’ll do fantastically,” he advised Welker.



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