US EditionUS Economy Contracts for First Time Since 2022 on Imports Surge
- The U.S. economy contracted for the first time since 2022 during the first quarter of 2025, with growth slowing to an estimated 0.8% annual rate.
- This slowdown followed President Trump's escalation of tariffs on imports from China and other countries, which began earlier in his second term and continued despite some policy retreats.
- Tariffs have pushed up consumer prices on goods like clothes, shoes, toys, and electronics, contributing to declining consumer confidence and increases in costs such as groceries and eggs.
- Consumer sentiment fell steadily since December 2024, with confidence levels near historic lows and inflation expectations rising as high as 6.5%, while actual inflation eased to 2.4% in March 2025.
- The economic outlook remains uncertain as tariffs continue to disrupt markets, potentially increasing costs for households by about $3,800 annually and stalling inflation reduction progress.
325 Articles
325 Articles
This is how Trump 'sabotaged' the American economy in 100 days: GDP at -0.3%, imports inflated by tariffs burned 5% of GDP
The fear of tariffs has triggered the rush of US companies to import products and the logistics warehouses are full. In the balance of trade in goods, the United States has plunged to deficit levels. On the other hand, investments are increasing. But with the new gabelles, will the recession come?
U.S. economy shrinks for first time in 3 years as Trump trade wars disrupt businesses
The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs.
Tariffs push U.S. into economic contraction, first since 2022 | Honolulu Star-Advertiser
WASHINGTON >> 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.
Trump’s Trade War Shrinks U.S. Economy by 0.3% in First Quarter - teleSUR English
New tariff policies have increased uncertainty and dampened confidence. On Wednesday, the U.S. Bureau of Economic Analysis released a report showing that the U.S. gross domestic product (GDP) shrank at an annual rate of 0.3 percent in the first quarter of this year, amid new tariff policies that have increased uncertainty and dampened confidence. The latest figure follows a 2.4 percent GDP growth in the fourth quarter of 2024. RELATED: Trump Adm…
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