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EPISODE · Apr 30, 2025 · 7 MIN

Dr. Ellen Meade Duke University Professor of Economics

from WPTF Afternoon News

President Donald Trump has gotten worrisome news about how the U.S. economy is battening down for potential fallout from his tariffs. And the Republican president is trying to blame Democrat Joe Biden, who left office months ago. The government reported Wednesday the U.S. economy shrank at an annual rate of 0.3% during the first three months of the year. Behind the decline was a surge in imports as companies tried to front-run Trump's sweeping tariffs on autos, steel, aluminum and almost every country. After stocks sold off Wednesday morning, Trump said it's not his stock market, it's Biden's. Duke University Professor Dr. Ellen Meade joined Jeff Hamlin to discuss the economy.

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Dr. Ellen Meade Duke University Professor of Economics

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