Donald Trump s tariff wars deal a blow US economy shrinks 0 5 worse than estimates
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The US economy contracted by 0 5 in the first quarter of 2025 primarily due to a surge in imports spurred by President Trumps trade war This import surge up 37 9 significantly dragged down GDP marking the first quarterly decline in three years Despite the downturn economists anticipate a rebound in the second quarter projecting a 3 growth
