Hoyer: In 100 Days, Trump Sent Our Economy Into a Tailspin

WASHINGTON, DC – Today, Congressman Steny H. Hoyer (MD-05) released the following statement on the worst quarterly GDP report since the COVID-19 pandemic:

"Trump inherited an American economy that was the envy of the world. It only took him 100 days to send it into a tailspin.

"Prices are going up. The stock market is trending down. Our economy is shrinking for the first time since the final months of the pandemic, as today's GDP numbers demonstrate. And, most importantly, the American people are hurting.

"We owe all of this to Trump's tariffs – to the uncertainty he has sown in our economy. He calls this downturn 'short-term pain.' Americans recognize his disastrous economic agenda for what it is: an existential threat to their families, their businesses, and their livelihoods."