01-May-2025
Economy News
 
Trump tariff effect: US GDP expected to show sharp decline, analysts warn of possible recession
30-Apr-2025

First-quarter US GDP figures to be released on Wednesday are expected to reveal a sharp slowdown — and possibly signal a recession — due to a spike in imports rushed in before president Donald Trump's broad tariffs took effect. Since returning to office on January 20, president Trump announced several rounds of tariffs and a universal 10% base tariff on all imports from top trading partners, along with a steep 125% tariff specifically on Chinese goods.

News Source:- https://timesofindia.indiatimes.com/business/international-business/trump-tariff-effect-us-gdp-expected-to-show-sharp-decline-analysts-warn-of-possible-recession/articleshow/120747527.cms