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Tag: 2025 economic outlook
U.S. Economy Contracts Amid Tariff Turbulence: A Comprehensive Analysis of Q1 2025
In the first quarter of 2025, the U.S. economy contracts by 0.3%, marking the first decline since early 2022 . This downturn was primarily attributed to a surge in imports as businesses and consumers rushed to purchase foreign goods ahead of new tariffs introduced by President Trump . The resulting record trade deficit significantly dragged down GDP.