US economy contracts 0.3% in first quarter
03 MIN 00 SEC
Reuters
New York, United States (April 30, 2025) - 07:13 hrs
The GDP data highlights businesses' struggle to secure goods in the face of President Donald Trump's expansive tariffs. Credit: AP
The U.S. economy shrank in the first quarter, weighed down by a flood of imported goods by companies eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.
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