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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 ...
The survey was, however, concluded before data on Tuesday showed the goods trade deficit surged to an all-time high in March ...
Q/Q vs. +0.2% consensus and +2.4% in Q4 2024, according to data released by the Bureau of Economic Analysis on Wednesday.
Real gross domestic product (GDP) grew -0.3% on a quarter-over-quarter, seasonally adjusted annual rate, according to the ...
Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, ...
22hon MSN
Roku posted solid first-quarter results, topping $1 billion in revenue and vowing to "stay vigilant and adaptable" in a ...
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