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U.S. Economy Shrinks 0.3% in First Quarter as Trump Trade Wars Disrupt Business
The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
U.S. stock futures point to a lower open after rising Tuesday on hopes trade deals are getting done and Trump's tariff plan ...
The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on some goods ...
Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with ...
Chinese manufacturers are widely considered to be more flexible than their American counterparts, accepting smaller orders ...
Volkswagen AG’s earnings dropped by 40% in the first quarter as higher manufacturing costs cut into margins and US tariffs ...
Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump's tariffs on ...
Pfizer's CEO said President Donald Trump's tariffs and uncertainty are holding the company back from making "tremendous ...
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