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

Economists polled by Reuters had forecast that GDP increased at a 0.3% pace in the January-March period.The survey was, however, concluded before data on Tuesday showed the goods trade deficit surged to an all-time high in March amid record imports,

Some say the situation is a result of temporary conditions. However, as the impacts come from Trump administration policies, it’s far from clear how long this might last.