On April 30, the U.S. Department of Commerce released the latest data showing that in the first quarter of 2025, the U.S. GDP contracted by 0.3% on a seasonally adjusted annual rate compared to the previous quarter. The stock market plummeted.
President Trump said that the Biden administration left him with poor economic data and he must get rid of the impact left by the Biden administration.
Ray Dalio, founder of Bridgewater Associates, posted a long article on social media on April 29 local time, stating that the damage caused by tariff increases will not end soon, the existing order is accelerating its disintegration, and the global economic order centered on the United States is coming to an end.
Original article: https://www.toutiao.com/article/1830846032178252/
Disclaimer: This article only represents the author's个人观点.