--- title: Voters Are Clear: This Economy Belongs to Donald Trump description: The data shows voters aren't buying Trump's attempts to describe bad economic news as "the Biden economy." canonical: https://time.com/7282875/trump-tariffs-economy-voters/ author: Philip Elliott article:opinion: false article:content_tier: free article:published_time: 2025-05-05T21:15:36.000Z article:modified_time: 2026-03-11T00:25:22.768Z article:section: Politics og:title: Voters Are Clear: This Economy Belongs to Donald Trump og:description: The data shows voters aren't buying Trump's attempts to describe bad economic news as "the Biden economy." og:url: https://time.com/7282875/trump-tariffs-economy-voters/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blta5eacd99b1378dd8/6998c65c66d4e387b3cbc73a/GettyImages-2213423625.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: President Trump Returns To The White House After Weekend In Florida og:type: article twitter:card: summary_large_image twitter:title: Voters Are Clear: This Economy Belongs to Donald Trump twitter:description: The data shows voters aren't buying Trump's attempts to describe bad economic news as "the Biden economy." twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blta5eacd99b1378dd8/6998c65c66d4e387b3cbc73a/GettyImages-2213423625.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 ---  # Voters Are Clear: This Economy Belongs to Donald Trump  by [Philip Elliott](https://time.com/author/philip-elliott/)  ## Philip Elliott Senior Correspondent May 5, 2025 9:15 PM UTC  President Donald Trump speaks to reporters on the south lawn of the White House in Washington, DC, on May 04, 2025. President Donald Trump speaks to reporters on the south lawn of the White House in Washington, DC, on May 04, 2025.Tasos Katopodis—Getty Images  by [Philip Elliott](https://time.com/author/philip-elliott/)  ## Philip Elliott Senior Correspondent May 5, 2025 9:15 PM UTC _This article is part of The D.C. Brief, TIME’s politics newsletter. Sign up_ [_here_](https://cloud.newsletters.time.com/signup?nln=dc-brief&source=dc%5Fonsite) _to get stories like this sent to your inbox._ Donald Trump lives in the here and now. A performance artist at his core, the President has vamped his way through eight decades to often contradictory verdicts: bankruptcies and divorces matched with the White House and an improbable comeback. But here’s the thing about this devil-may-care approach to life: it may reward the hedonistic present but it fails to consider the inevitable future. The immediate incentive and the down-the-course payoff are often mismatched, and legacies are not launched in short order. On top of that, negative outcomes tend to linger longer in the public’s mind than the positive ones. That’s why the [game](https://www.axios.com/2025/05/05/trump-economy-biden-jobs-markets) Trump is [playing](https://www.huffpost.com/entry/donald-trump-economy-spin-reaction%5Fn%5F68186150e4b0fb74a30ae6bc) with the economy is so abjectly dangerous to his legacy. When the Dow opened on Monday, it was off some 6% from Trump’s first full day in office—and that was an improvement from last month. The markets have been rocked by the sheer uncertainty being unleashed from this White House as he threatened an across-the-board tariff regime globally, targeted China with even steeper import taxes that he is now hinting may evaporate in short order, and teased trade deals as soon as this week with other nations. The tumult has left the economy in turmoil, and Americans are noticing. Which explains why he [keeps blaming Joe Biden](https://time.com/7282831/donald-trump-joe-biden-most-frequent-words/) for all of the country's economic troubles, even as the idea that his predecessor is at fault becomes more absurd with every passing day. Last week, after Trump’s Commerce Department released a report showing the U.S. economy shrank in the first three months of the year—before Trump unleashed the tariff taunts—Trump took zero responsibility. “This is Biden, and you can even say the next quarter is sort of Biden,” he [said](https://www.theguardian.com/us-news/commentisfree/2025/may/05/trump-biden-economy) during a Cabinet meeting. **Read more**: [_'Biden' Fifth-Most Frequently Used Word by Trump White House, Analysis Finds_](https://time.com/7282831/donald-trump-joe-biden-most-frequent-words/) At other points, he seems content to cast blame at Federal Reserve Chairman Jerome Powell, although that has not [moved](https://time.com/7279727/trump-jerome-powell-scott-bessent/) the needle, either. But the worries about a recession are growing, and Trump’s best efforts to dodge responsibility are seemingly not working. “I think the good parts are the Trump economy and the bad parts are the Biden economy,” he [told](https://www.nbcnews.com/politics/trump-administration/trump-downplays-recession-fears-saying-us-ok-long-term-rcna203511) “Meet the Press” on Friday. Asked by moderator Kristen Welker if he was willing to send the economy into a recession as part of a longer-term fix, he dodged. “Look, yeah, it’s—everything’s OK,” he said. “What we are—I said, this is a transition period. I think we’re going to do fantastically.” Asked if a recession was coming, Trump seemed indifferent: “anything can happen.” Recessions don’t come out of nowhere. They are often the byproduct of a [shaky](https://www.npr.org/2025/04/30/nx-s1-5380204/trump-economy-gdp-tariffs-recession-consumers) consumer confidence and increasing anxieties, whether those sentiments are justified or not. Right now, consumer confidence is [lower](https://www.cnn.com/2025/04/11/economy/us-consumer-sentiment-april) than even during the Great Recession, and scared consumers mean sidelined consumers. Their dollars fuel about 70 cents of every dollar in the economy, and right now they’re keeping their wallets closed. To listen to voters, they’re putting this squarely on Trump in a way they never have before. Take the latest NPR-PBS-Marist [poll](https://maristpoll.marist.edu/polls/president-trumps-first-100-days-april-2025/): 60% of Americans said the current economic situation is a result of Trump’s policies. Compare the same survey’s results at this point in Barack Obama’s first term, when he took the whacking from just 14% of voters amid a full-blown recession. Trump likes to cast himself as an all-powerful master of the universe, a titan who can bend reality to his whims. A masterful salesman, he has convinced legions of Americans of that false reality. But those same Americans are looking around and seeing some pretty grim truths staring them down as stocks sink, supply chains begin to falter, and prices keep going up. They’re worried and they are looking for someone to blame. If Trump wants to be the omnipotent colossus, then he also has to be the culpable party when Americans want to find a vessel for their unease. Trump wanted the big prize back. Now he has to carry it for a second term. _Make sense of what matters in Washington._ [_Sign up for the D.C. Brief newsletter_](https://cloud.newsletters.time.com/signup?nln=dc-brief&source=dc%5Fonsite)_._ ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/7282875/trump-tariffs-economy-voters/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/7282875/trump-tariffs-economy-voters/"},"headline":"Voters Are Clear: This Economy Belongs to Donald Trump","datePublished":"2025-05-05T21:15:36.000Z","dateModified":"2026-03-11T00:25:22.768Z","description":"Trump's efforts to blame Biden and Powell are falling flat.","url":"https://time.com/7282875/trump-tariffs-economy-voters/","keywords":["The D.C. 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