USA

Trump Sees No Mistakes – Even Amid Shrinking Economy and Declining Support

The U.S. President Rejects Criticism and Promises Economic Victory – Despite Negative Signals from Both Voters and Economists

Mikkel Preisler
By Mikkel Preisler 1. May 2025

After 100 days into his second presidential term, Donald Trump maintains he has made no mistakes. At a NewsNation town hall on April 30, he stated: “I don’t really think I’ve made any mistakes.”

He described the period as transitional and predicted strong economic growth in the coming year.

Key Economic Indicators in the Red

On the same day, the Department of Commerce released new data showing that the U.S. economy contracted by 0.3% in the first quarter.

The stock markets are also in decline: the Nasdaq has dropped 11% since Election Day, while the Dow Jones and S&P 500 are both down 6%.

Trump denies responsibility, posting on social media: “This is Biden’s stock market, not Trump’s.”

Low Approval and Criticism of Polling

Polls indicate that only 41–42% of Americans support Trump’s presidency. Still, he dismisses the criticism and claims the polls are manipulated to favor the Democrats. “They’re fake polls,” he said, pointing out that he has previously won despite negative forecasts.

Tariffs and China in Focus

Trump is sticking to his strategy on import tariffs, which have sparked trade disputes. However, he has reduced some car tariffs and expects a new deal with China. According to him, it will generate billions in revenue — “it just takes a little time.”

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