US Economy Shrinks Under Trump: GDP Data Shows Negative Growth
U.S. GDP unexpectedly shrank by 0.3% in the first quarter of 2025, significantly below forecasts, primarily due to businesses front-loading imports in anticipation of President Trump’s new tariffs. This surge in imports artificially lowered the growth rate, though economists caution that this effect may be temporary. Subsequently, weak job growth numbers further fueled recessionary concerns. The Federal Reserve is likely to maintain its current interest rate as a result of these concerning economic indicators.
John Q. Hosedrinker