US Economy Contracts 0.2% in Q1 Amid Trade Tensions
TL;DR Summary
The U.S. economy shrank by 0.2% in Q1 2025 due to record trade deficits and sluggish consumer spending, with ongoing trade disputes hampering growth; however, a potential rebound is expected in Q2 as tariffs are relaxed and market confidence improves.
- Tariffs and trade wars helped shrink U.S. economy in the first quarter MarketWatch
- US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact Bloomberg.com
- U.S. GDP Got an Update Thursday. This Is What to Know. Barron's
- US economy shrank at 0.2% rate in first quarter Financial Times
- Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate AP News
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