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.

Six months ago almost to the day, Elon Musk, an influential adviser to presidential candidate Donald Trump and the world’s richest person, warned that Trump, if returned to the White House by voters,