US economy growth shrank 0.5% in first quarter as Trump's trade war weighs on nation's business
Published on: June 27, 2025, 1:57 a.m. | Source: Livemint
The US economy shrank at a 0.5% annual pace between January and March in 2025 as President Donald Trump's trade war disrupted business in the nation. The 37.9% rise in imports into the nation ahead of the tariff imposition also contributed to the contraction in GDP growth.
