📉 U.S. Economy Contracts in Q1 2025 Amid Tariff Surge
The U.S. economy shrank by 0.3% in the first quarter of 2025, marking the first contraction in three years. This downturn is largely attributed to a surge in imports as businesses rushed to stockpile goods ahead of President Trump's newly imposed tariffs, leading to a record trade deficit. Consumer spending slowed, and inflation rose to 3.6%, raising concerns about the potential onset of a recession. ​
MarketWatch
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