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Tag: global trade law
Navigating Economic Crossroads: The Legal and Policy Implications of the U.S. Q1 2025 GDP Contraction
Q1 2025 GDP Contraction: In the first quarter of 2025, the U.S. economy shrank by 0.2%, a development that has sparked significant concern among economists, policymakers, and legal scholars. According to Bloomberg, this contraction is largely attributed to a surge in imports coupled with slowing consumer spending. The underlying catalyst appears to be the Trump administration's ongoing trade policies, which have included tariffs on key goods and a reorientation toward economic protectionism. These moves, while touted as measures to protect American industry and ensure national security, have raised fundamental legal and policy questions.