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US economy shrinks in first quarter as tariffs unleash flood of imports
The U.S. economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher costs from tariffs and underscoring the disruptive nature of President Donald Trump's often chaotic trade policy.
A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
Q/Q vs. +0.2% consensus and +2.4% in Q4 2024, according to data released by the Bureau of Economic Analysis on Wednesday.
White House trade advisor Peter Navarro told CNBC's Jim Cramer in an interview Wednesday morning that an "import surge" ahead ...
The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid ...
US GDP shrinks by -0.3% in Q1 2025, driven by import surges and trade policies. Click for a close look at the data, including ...
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 ...
Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, ...
Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.
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