The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours after the federal government reported that the nation's economy contracted for the first time in three years amid the chaos of the president's tariff policies.

Companies rushed to buy imports before Trump's tariffs could take effect, causing a decline in gross domestic product in first quarter

The economy shrank in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of Trump's often chaotic tariff policy.