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US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and softer consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.
Imports spiked at an annual rate of 50.9% the first three months of the year and the nation’s trade deficit widened by $14 ...
Trump inherited an economy that was firing on most, but not all, cylinders,” said Ryan Sweet at Oxford Economics.
The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as ...
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's ...
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown ...
Wednesday’s moves came after data showed the US economy contracted for the first time since 2022, shrinking by an annualised ...
President Donald Trump's approval rating held steady this week, but discontent is rising over his handling of the economy and ...
ToplineAs recession fears reverberate from Washington to Wall Street, Wednesday will bring the most comprehensive yardstick ...
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