President Trump is scheduled to deliver remarks during an “Investing in America” event at the White House in celebration of the first 100 days of his administration.
The summit with business leaders comes amid less-than-favorable economic data that caused the stock market to dip.
Per Bloomberg:
Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3%, according to initial government data published Wednesday.
The decrease was led by companies pushing to stockpile imported merchandise ahead of implementation of Trump’s tariffs, with net exports subtracting nearly 5 percentage points from GDP. Cuts to federal funding also impacted the figure.White House officials have pointed to promising data within the report – including advancing consumer spending and surging business equipment purchases – to argue the economy remains strong.
“I have to start off by saying, that’s Biden. That’s not Trump,” the President said during a cabinet meeting on Wednesday morning.
He also slammed Biden in a Truth Social Post, crediting him for the first quarter GDP decrease and saying it has “NOTHING TO DO WITH TARIFFS.” He continued, he left us with bad numbers, but when the boom begins, it will be like no other,” urging investors to “BE PATIENT!!!”
This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden “Overhang.” This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!
During the cabinet meeting on Wednesday to discuss the administration’s historic first 100 days, the President boasted about his economic success and investments in America. He said that because of his tariffs, the United States has brought in nearly $8 trillion in investments, specifically highlighting TSMC’s massive $165 billion investment, which Commerce Secretary Howard Lutnick told the President is “all driven by your tariff policies.”
WATCH:
President Trump is set to take the stage at 4:00 pm ET.
Watch live below:
The post WATCH LIVE: President Trump Delivers Remarks on “Investing in America” Amid $8 Trillion US Investment Boom – 4 PM ET appeared first on The Gateway Pundit.