President Donald Trump was unfazed by a decline in the economy, blaming it initially on former President Joe Biden and then stating American kids can make do with "two dolls instead of 30 dolls."

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.

As part of his events marking 100 days in office, President Donald Trump convened his Cabinet officials on Wednesday for a meeting at the White House.Trump also sat down exclusively with ABC News on Tuesday for the first broadcast interview marking this milestone of his second term.

Amid the daily tumult of President Donald Trump’s second term, the political struggles over his economic agenda and his challenges to the basic rules of democracy may seem independent and unconnected.

U.S. GDP declined 0.3% in the first quarter of 2025, raising fears of a recession. This is the first time the U.S. economy has not grown since the Covid-19 pandemic. This comes amid turmoil over President Trump's tariffs.

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next