Trump takes credit for ‘good parts’ of economy, blames ‘bad parts’ on Biden

Trump takes credit for ‘good parts’ of economy, blames ‘bad parts’ on Biden


U.S. President Donald Trump walks to board Marine One to depart for Alabama, on the South Lawn of the White House in Washington, D.C., U.S., May 1, 2025.

Nathan Howard | Reuters

President Donald Trump took credit for the “good parts” of the economy in an exclusive interview with NBC News airing Sunday, but said that the “bad parts” are former President Joe Biden’s economy.

Trump defended his tariffs, even amid the economic uncertainty stemming from the sweeping announcement.

“Ultimately, I take responsibility for everything, but I’ve only just been here for a little more than three months,” Trump said.

“The tariffs have just started kicking in. … The tariffs are going to make us rich. We’re going to be a very rich country,” he added.

It’s not the first time that Trump has tried to shift blame to his predecessor. Just last week, he put the onus on Biden for the U.S. economy contracting in the first quarter of the year.

Read more CNBC politics coverage

Trump also doubled down on comments he made during a Cabinet meeting earlier in the week, when he dismissed concerns that his tariffs would lead to supply shortages.

“I don’t think a beautiful baby girl needs – that’s 11 years old – needs to have 30 dolls,” Trump said.

“I’m just saying [children] don’t need to have 30 dolls, they can have three, they don’t need to have 250 pencils, they can have five,” he added.

In the interview, Trump also downplayed the possibility of long-term negative impacts from his tariffs on the U.S. economy, even if the U.S. experiences a recession in the short term.

“Look, yeah, it’s — everything’s OK. What we are — I said, this is a transition period. I think we’re going to do fantastically,” he told Welker.



Source

House Republicans take up Trump’s megabill, but still need more votes to pass it
Politics

House Republicans take up Trump’s megabill, but still need more votes to pass it

US House Speaker Mike Johnson, a Republican from Louisiana, speaks to members of the media at the US Capitol in Washington, DC, US, on Friday, June 27, 2025. Graeme Sloane | Bloomberg | Getty Images The House of Representatives on Tuesday took the reins of President Donald Trump’s megabill, after the Senate narrowly passed it […]

Read More
U.S. judge blocks Trump administration move to overhaul health agencies
Politics

U.S. judge blocks Trump administration move to overhaul health agencies

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. looks on as he attends a press conference to discuss health insurance reform, at the Department of Health and Human Services in Washington, D.C., U.S., June 23, 2025. Kevin Mohatt | Reuters A federal judge on Tuesday blocked the Trump administration from moving forward […]

Read More
Trump’s bill gets a boost as Senate Republicans say they have a deal
Politics

Trump’s bill gets a boost as Senate Republicans say they have a deal

U.S. Senate Majority Leader John Thune (R-SD) walks to the Senate floor as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Nathan Howard | Reuters “I believe we do,” Thune said, when asked by reporters if Republicans have reached a […]

Read More