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US economy contracts at 0.3% rate as Trump tariffs prompt import surge
The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by stockpiling imports. The slide in GDP for the period was worse than economists’ most recent forecasts and compared with the 2.
President Donald Trump is forging ahead with both his domestic and foreign agendas as he continues to tout his record from ...
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown ...
Voters returned Donald Trump to the White House in November believing he would be better for the economy than his opponent, ...
Donald Trump spent his first 100 days back in the Oval Office driving an economy that the world envied to the brink of crisis ...
The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge ...
As President Donald Trump marks his first 100 days in office, he highlighted economic growth and falling inflation, even as ...
Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
The January-March expansion in gross domestic product — the nation’s output of goods and services — was down from 2.4% in the ...
The global economic landscape continues to be dominated by the United States, China, and India, with the US maintaining its ...
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