The U.S. Economy Contracts For First Time in Years

Donald Trump was just hist with some bad news as he celebrates his first 100 days in office. This morning, we learned that the U.S. economy took a downturn, largely due to growing uncertainty sparked by a wave of proposed tariffs. These trade measures led businesses and consumers to hold back, contributing to the slowdown.

During the first quarter of the year, the U.S. gross domestic product (GDP) shrank at an annual rate of 0.3%. This marked a significant drop from the 2.4% growth seen at the end of 2024.

A major factor behind the decline was a spike in imports, as companies rushed to stock up on goods ahead of expected tariffs. Experts had warned that this import-driven dip in GDP didn’t necessarily signal deeper economic problems.

The contraction was slightly worse than predicted—economists had forecast a 0.2% decrease. It’s worth noting that the GDP formula used by the government subtracts imports to avoid counting foreign-made goods in the overall output.

https://meidasnews.com/news/the-u-s-economy-contracts-for-first-time-in-years

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