Tonight, Trump blames Biden after a weak economic report shows the president's tariffs are rattling the U.S. economy.

Then, a bid to undo the president's liberation day fails in the Senate.

Is there any way out of this self-inflicted trade war? We'll get into it.

Plus, the U.S. and Ukraine signed an economic deal for continued American support. But what does it

mean for the war as the 11th hour gets underway on this Wednesday night?

Good evening once again. I am Stephanie Ruhl live from Washington, D.C., and welcome to the

midweek nightcap. It is day, 101 of the second Trump

administration, and I want you to keep that in mind, 101, because no matter what, the president

says, he has been the man running the country for the last three plus months. Well, today,

the Commerce Department reported that the U.S. economy actually shrank by

three-tenths of a percent in the first quarter of this year. The president immediately hopped on

social media, and can you guess? Can you guess who he blamed? Joe Biden. The president

insisted that this is Biden's stock market because Trump took office on January 20th.

He also said it will take a while to turn things around and that the struggles have nothing

to do with tariffs. Look, it is never, ever good to see the economy shrink. It has not happened

like this since 2022, but I want to take you through some of the details in this report

because we need to understand it. Remember, this was before Trump announced the massive

tariffs on Liberation Day, but it does include when he announced new tariffs on our closest

allies, Mexico and Canada. And the biggest factor was a huge surge in imports. Companies that actually had the money

were loading up on inventory before the big tariffs were hitting. Now, you would say, why would

it make the economy look like it's shrinking? Well, it is because imports are subtracted from gross

domestic product calculations. That is not an opinion. It's just how it works. I want you to look at this

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