US economy shrinks for first time in 3 years amid Trump tariff fallout
The U.S. economy contracted by 0.3% in the first quarter of 2025 — its first decline in three years — driven by a record surge in imports as businesses scrambled to beat looming tariffs. | Photo Credit: JEENAH MOON/Reuters The U.S. economy contracted for the first time in three years in the first quarter, swamped
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