Donald Trump’s tariff wars deal a blow! US economy shrinks...

Dununu.com Dununu

Sponsor

Donald Trump’s tariff wars deal a blow! US economy shrinks 0.5%; worse than estimates

RSS Feed International

Posted

53

The US economy contracted by 0.5% in the first quarter of 2025, primarily due to a surge in imports spurred by President Trump's trade war. This import surge, up 37.9%, significantly dragged down GDP, marking the first quarterly decline in three years. Despite the downturn, economists anticipate a rebound in the second quarter, projecting a 3% growth.

Read Full Article

Please log in to like, share and comment!

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business...

By 0 6

Shiv Sena MP's driver gets Rs 150 crore land as 'gift' from Salar Jung kin

By 0 11

Review if 'socialist' & 'secular' should be in statute: RSS national general secretary Dattatreya Hosabale

By 0 11

'Wearing clothes given by our govt & still targeting us': Maharashtra BJP MLA stirs row

By 0 11

'Very big one': Donald Trump hints India, US on cusp of 'great' trade deal; 10 things to know

US President Donald Trump hinted at a significant trade deal with India, following a recent...

By 0 11