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.

President Donald Trump tacitly acknowledged his administration’s tariff strategy has has unnerved consumers and businesses, and he is asking them for patience in the process. Follow for live updates.

Following data showing a decline in GDP, economists have offered their perspectives on the outlook for the U.S. economy.

Trump’s second term begins with a decline in US GDP, while jobs and prices hold steady. On almost all fronts, the outlook is getting worse.

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.

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,

President Donald Trump on Wednesday blamed his predecessor, former President Joe Biden, for the stock market’s weak performance, as the main U.S. indexes headed for losses after a report showed the economy has contracted.