RawDiary

US Economy Contracts 0.3% in Q1 as Tariffs Bite... Recession Fears Rise

The US economy shrank 0.3% in the first quarter of 2025 amid rising tariffs and trade tensions under President Trump's administration, marking the first contraction in three years and stoking recession concerns as consumer spending softens and imports surge.

24 Hours Pakistan warns India strike imminent + US economy shrinks 0.3% in Q1 amid tariffs + Trump plays deportation video at Michigan rally + Columbia student Mohsen Mahdawi released by court order + FCC to bar Chinese labs over security risks + Wildfires rage near Jerusalem, Israel evacuates + Ukraine to sign US minerals deal imminently + Trump claims he could bring deported man back but won’t + Wisconsin judge suspended for aiding illegal immigrant + UK joins US in strikes on Yemen Houthis + Inflation cools as consumer spending rises + New record: 6 rockets launched in 24 hours + Private payroll growth slows to 62,000 in April + Trump blames Biden for shrinking economy and stock drop + China factory activity contracts amid tariffs + Meta and Microsoft to report earnings after bell + Pakistani intel suggests India gearing for attack + US deported 142,000 illegal immigrants in 100 days + COP26 moves shadowed by US climate report cuts + Supreme Court hears case on religious charter schools

Number 0.3% - US economic contraction rate in Q1 2025 marking first drop in three years

Quote "This is Biden’s Stock Market, not Trump’s" — President Donald Trump