US economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

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....S economy shrinks 0.3% in first quarter as Trump trade wars disrupt business<BR>PTI News<BR>Dated:- 30-4-2025<BR>PTI<BR>Washington, Apr 30 (AP) The US economy shrank 0.3% from January through March, f....

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....irst drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs. The January-Mar....

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....ch expansion was the slowest in almost three years and was down from 2.4% in the last three months of 2024. Imports shaved 5 percentage points off first-quarter growth. Consumer spending also slowed s....

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....harply. Trump inherited a solid economy that had grown steadily despite high interest rates imposed by the Federal Reserve to fight inflation. His erratic trade policies — including 145% tariffs o....

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....n China — have paralysed businesses and threatened to raise prices and hurt consumers. (AP) SCY SCY<BR> News - Press release - PIB....