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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 US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government ...
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 ...
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 ...
President Donald Trump has gotten worrisome news about how the U.S. economy is battening down for potential fallout from his ...
The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours ...
An early tally of the impact of President Trump’s tariffs is in — and it’s, well, not encouraging. The US economy shrank in ...
A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
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