President Donald Trump called on business leaders to grant more time to steer America’s economy forward during White House event.

Blaming former President Joe Biden for economic woes, Trump addressed concerns sparked by a 0.3% GDP contraction—first in three years—raising recession fears. Research firms have repeatedly flagged this risk.

Dismissing these concerns as inaccurate, Trump, a Republican leader, attributed the slowdown to companies stockpiling imports before new tariffs. He highlighted a $1 trillion domestic investment pledge to restore American manufacturing strength, expressing confidence in economic recovery.

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Analysts note that while tariff policies aim to boost local production, short-term disruptions could challenge growth. Trump’s administration remains focused on long-term gains, urging patience from businesses and investors.