Trump tells business chiefs that he needs a “little time” with the US economy shrinking

President Donald Trump requested more time in the American economy, as he contracted for the first time three years ago, fueling the recession fears.

He said that the number was misleading because the companies stored imports before imposing it on the definitions.

However, Trump said that $ 8TN ($ 6TN) of internal investment had promised, which he said would restore the ingenuity of American manufacturing.

The US Department of Commerce said that the American economy had a contract at an annual rate of 0.3 %. This comes at a time when Trump is 100 days in his post, with opinion polls that indicate general discontent over his economic sponsorship.

Speaking on Wednesday afternoon at an event at the White House attended by business leaders, Trump blamed his democratic predecessor, President Joe Biden, for the data of the total disappointing local product.

“This is the economy of Biden because we assumed on January 20,” Trump said. “I think you have to give us a little time to move.”

It comes in the wake of the import taxes for the Republican President, which disrupted trade and global markets.

Trump’s finger consulted to Biden from Democrats.

“This is not the economy of Joe Biden, Donald, it is your economy,” said Congress member Hakim Jeffrez, the leader of the minority in the US House of Representatives.

“It is Trump’s economy, it is a failed economy and the American people know.”

At the White House on Wednesday, Trump described the planned investments in technology, health care and infrastructure.

The executives of the major companies, including Jose Munoz from Hyundai, Ted Ogawa from Toyota, and Johnson & Johnson Johokin Dazzo.

Trump also urged Congress to pass his tax bill, which includes trillion dollars from taxes and spending, but faces opposition from Democrats and some Republicans.

On the emergence of a television earlier in the day with members of the Council of Ministers, Trump reduced fears of a lack of elements such as games, as trade between the United States and China is sharply.

“Well, children may have to have two dolls instead of 30 blood, do you know?” He said. “They may cost the dolls a few dollars more than they were normally.”

Trump was 10 % year for almost all countries you import to the United States, after announcing a 90 -day stop on a higher tariff. The amount paid by these countries can change after the end of the period in July.

Another tariff was imposed by 25 % on Mexico and Canada. However, the fees on China have led to a comprehensive trade war with the second largest economy in the world.

Trump imposed import taxes of up to 145 % on Chinese goods coming to the United States and China for a 125 % tax on American products.

His administration said when the new definitions were added to those existing, fees on some Chinese goods can reach 245 %.