U.S. economy shrank in early 2025 as tariffs sapped growth and imports surged
April 30, 2025 By Abha Bhattarai WPost
GDP contracted at an annual rate of 0.3 percent, a new report shows, as panic purchases ahead of tariffs fueled imports.
The U.S. economy shrank in the first three months of 2025, contracting by an annualized rate of 0.3 percent, a stark reversal after nearly three years of solid growth, as tariff-related uncertainty upended spending patterns and raised fears of an impending recession.
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