US GDP contracts 0.3% in Q1 2025 as Trump blames Biden and defends tariffs

The US economy unexpectedly contracted in the first quarter of 2025, sparking recession fears and rattling markets, as President Donald Trump’s aggressive trade policies and political blame game stoked investor uncertainty. A defensive Trump quickly blamed former President Joe Biden while insisting the economic “boom” he promised will still materialize—eventually. GDP shrinks as businesses rush […]