President Donald Trump was unfazed by a decline in the economy, blaming it initially on former President Joe Biden and then stating American kids can make do with "two dolls instead of 30 dolls."

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.

As part of his events marking 100 days in office, President Donald Trump convened his Cabinet officials on Wednesday for a meeting at the White House.Trump also sat down exclusively with ABC News on Tuesday for the first broadcast interview marking this milestone of his second term.

Amid the daily tumult of President Donald Trump’s second term, the political struggles over his economic agenda and his challenges to the basic rules of democracy may seem independent and unconnected.

President Donald Trump narrowly avoided a rebuke from the U.S. Senate on his tariffs due to one Democratic senator's absence. The resolution, defeated with a 49-49 tie on April 30, reflects discontent with Trump's 10% across-the-board tariffs and now-paused "retaliatory" tariffs that rattled Wall Street and contributed to a shrinking GDP as four Republicans joined with all present Democrats in supporting it.

The economy shrank in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of Trump's often chaotic tariff policy.

Gross domestic product fell 0.3% in the first quarter of 2025, the weakest economic performance the U.S. has recorded since the first quarter of 2022.

The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop.

Donald Trump is blaming former President Joe Biden for the economic anxiety that has engulfed the country and the world since he took office. Trump is defensive because another economic measurement has shown that his decisions are negatively impacting our economy and confidence in that economy,