US President Donald Trump has shared his thoughts on the economy after GDP figures were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth Social, Trump claims: "this is Biden’s Stock Market, not Trump’s".

Senate Republicans have narrowly voted down a Democratic resolution that would have blocked global tariffs announced by Donald Trump earlier this month, giving the president a modest win Wednesday as lawmakers in both parties have remained skeptical of his trade agenda.

President Donald Trump narrowly avoided a rebuke from the U.S. Senate on his tariffs due to one Democratic senator's absence. The resolution, defeated with a 49-49 tie on April 30, reflects discontent with Trump's 10% across-the-board tariffs and now-paused "retaliatory" tariffs that rattled Wall Street and contributed to a shrinking GDP as four Republicans joined with all present Democrats in supporting it.