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Tag: economic policy debate

U.S. Economy Contracts in Q1 2025: Legal and Policy Implications Amid Tariff-Induced Trade Shifts

Top News Stories Priyanga V Priyanga V -
In the first quarter of 2025, the U.S. economy contracts in Q1 2025 by 0.3%, marking the first decline since early 2022. This downturn was primarily driven by a surge in imports as businesses and consumers rushed to purchase foreign goods ahead of new tariffs introduced by President Donald Trump. The resulting record trade deficit significantly dragged down GDP. 

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