In March, CBS found that only 34% of Americans blamed Trump for inflation compared to 38% who blamed Biden. However, after Trump’s “reciprocal” tariff announcement, CBS found that 54% blamed Trump only, and another 20% blamed Trump and Biden equally. It may not all be Trump’s fault, but voters still blame him.

When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, President Trump knew exactly who to blame: Biden.

Gross domestic product fell 0.3% in the first quarter of 2025, the weakest economic performance the U.S. has recorded since the first quarter of 2022.