01-May-2025
Economy News
 
US economy shrinks 0.3% in Q1 as tariff-driven imports hit GDP growth
01-May-2025

The US economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.

News Source:- https://www.business-standard.com/world-news/us-economy-shrinks-0-3-in-q1-as-tariff-driven-imports-hit-gdp-growth-125043001245_1.html