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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.
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 ...
White House trade advisor Peter Navarro told CNBC's Jim Cramer in an interview Wednesday morning that an "import surge" ahead ...
Economists polled by Reuters had forecast that GDP increased at a 0.3% pace in the January-March period.The survey was, ...
Q/Q vs. +0.2% consensus and +2.4% in Q4 2024, according to data released by the Bureau of Economic Analysis on Wednesday.
Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.
Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, ...
At 11 AM CET Croatia will release flash estimate of inflation in April.
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