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Joined: Feb 2001
Posts: 381,904
Launch Director
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OP
Launch Director
Joined: Feb 2001
Posts: 381,904 |
The US economy contracted by 0.5% in the first quarter of 2025, primarily due to a surge in imports spurred by President Trump's trade war. This import surge, up 37.9%, significantly dragged down GDP, marking the first quarterly decline in three years. Despite the downturn, economists anticipate a rebound in the second quarter, projecting a 3% growth. Source: Donald Trump’s tariff wars deal a blow! US economy shrinks 0.5%; worse than estimates
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