US GDP registered at an annualized rate of -0.3% in the first quarter. That’s a sharp slowdown from the fourth quarter’s +2.4% rate, and much worse than the +0.8% rate economists projected. Trump: “Our Country will boom, but we have to get rid of the Biden ‘Overhang. This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers.” This is the Peter Navarro playbook. A few weeks ago, Navarro said that if the tariffs don’t work, we’ll blame Biden. Is there anybody out there who believes this BS?

Imports skyrocketed from -1.9% in the fourth quarter to 41.3% in the first three months of this year. Weren’t the tariffs put in place to reduce the imports?

Last edited by Rob B.; 04/30/25 01:39 PM.