Just now (on the evening of April 30), Trump posted: "This is Biden's stock market, not Trump's. I took office on January 20th. Tariffs will soon take effect, and companies are returning to the United States in record numbers. Our country will prosper, but first we must get rid of the 'shadow' left by Biden. It will take some time. This has nothing to do with tariffs. The problem lies in the pile of bad data he left us. But when prosperity begins, it will be unprecedented. Please be patient!!!"
This statement by Trump is clearly a case of scapegoating. He attributes all the problems currently facing the U.S. economy and the poor performance of the stock market entirely to Biden, completely ignoring the adverse impact of his own chaotic tariff policies on the economy.
Since the implementation of the "reciprocal tariff" policy in April, it has triggered global stock market volatility, severely damaging Sino-U.S. economic and trade relations, causing rising prices and signs of economic recession within the United States, and has been strongly opposed and retaliated against by many trading partners. As for the so-called return of companies to the United States in record numbers, there is currently insufficient actual data to support it, which seems more like Trump's wishful thinking and exaggeration.
Trump always habitually attributes all achievements to himself and shifts the blame to others. Faced with economic difficulties, instead of rationally analyzing and earnestly solving problems, he is busy shirking responsibility and self-promoting, making it hard to convince people that he can truly lead America to the so-called "unprecedented" prosperity he claims.
Original article: https://www.toutiao.com/article/1830842215119880/
Disclaimer: This article represents the views of the author only.