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US economy contracts at 0.3% rate as Trump tariffs prompt import surge
The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by stockpiling imports. The slide in GDP for the period was worse than economists’ most recent forecasts and compared with the 2.
US President Donald Trump has shared his first reaction to the GDP figures which were announced this morning, which indicates ...
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
U.S. stock futures point to a lower open after rising Tuesday on hopes trade deals are getting done and Trump's tariff plan ...
The US economy shrank in the first three months of the year due a drop in government spending and a surge in imports as firms ...
The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on some goods ...
Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with ...
Chinese manufacturers are widely considered to be more flexible than their American counterparts, accepting smaller orders ...
Volkswagen AG’s earnings dropped by 40% in the first quarter as higher manufacturing costs cut into margins and US tariffs ...
Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump's tariffs on ...
Context: US President Donald Trump levied so-called “reciprocal” tariffs on most of the world on April 2, hitting the EU with ...
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