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GDP shrinks for first time in 3 years as Trump tariffs trigger record trade deficit
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump’s tariffs and a slowdown in consumer spending.
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump’s tariffs and a slowdown in consumer spending.
