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Trump praises tariffs as US economy shrinks for first time since 2022
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 ...
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 ...
A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
4hon MSN
Gross domestic product fell 0.3% in the first quarter of 2025, the weakest economic performance the U.S. has recorded since ...
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government ...
'Fast Money' traders react to the U.S. GDP showing signs of contraction and what it means for the markets. On July 11, It ...
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown ...
What’s driving it: Tariff fear, most significantly. Uncertainty around Trump’s policies upended spending and drove a dramatic ...
This report, which focuses on a period before US President Donald Trump’s most far-reaching tariffs were announced, is ...
The U.S. economy contracted in the first quarter, but it takes more than one bad quarter of GDP for a recession to officially ...
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