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US economy contracts at 0.3% rate as Trump tariffs prompt import surge
The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by stockpiling imports. The slide in GDP for the period was worse than economists’ most recent forecasts and compared with the 2.
For instance, China recently waived tariffs on US ethane imports. This approach allows Beijing to maintain a firm public ...
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's ...
U.S. stock futures point to a lower open after rising Tuesday on hopes trade deals are getting done and Trump's tariff plan ...
Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with ...
The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on some goods ...
Chinese manufacturers are widely considered to be more flexible than their American counterparts, accepting smaller orders ...
Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump's tariffs on ...
Volkswagen AG’s earnings dropped by 40% in the first quarter as higher manufacturing costs cut into margins and US tariffs ...
Pfizer's CEO said President Donald Trump's tariffs and uncertainty are holding the company back from making "tremendous ...
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