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US economy shrinks 0.3% as companies race to get ahead of Trump tariffs
US President Donald Trump has shared his first reaction to the GDP figures which were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth Social, Trump claims: "this is Biden’s Stock Market, not Trump’s".
The gross domestic product reading fell short of the 0.4% growth that economists surveyed by The Wall Street Journal expected ...
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 ...
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and ...
Key Takeaways The U.S. economy shrank at a 0.3% annual rate in the first quarter of the year, the first decrease in national ...
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