
US economy contracts at 0.3% rate as Trump tariffs prompt import surge
Annualised first-quarter figure comes below expectations and contrasts with previous growth
Full Article
Annualised first-quarter figure comes below expectations and contrasts with previous growth
Full Article*Key points:*
· US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate..
The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher..
U.S. gross domestic product (GDP) shrank during the first quarter of 2025 as a surge of imports ahead of President Trump's tariffs..