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US economy shrinks 0.3% as companies race to get ahead of Trump tariffs
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".
CNN’s Boris Sanchez asks Chief market strategist Art Hogan if former President Joe Biden is to blame for the latest decline ...
Gross domestic product fell 0.3% in the first quarter of 2025, the weakest economic performance the U.S. has recorded since ...
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 ...
Follow here for live coverage and analysis of the latest economic data. Two major reports are due today: GDP and PCE ...
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown ...
In the final Reuters/Ipsos poll of April, Trump's approval rating holds at 42% amid concerns over the economy and immigration ...
Quarterly growth was driven by an 8.1% surge in the agricultural sector, which bounced back from a plunge at the end of 2024.
The U.S. economy contracted in the first quarter, but it takes more than one bad quarter of GDP for a recession to officially ...
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