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Edition from 2025-04-30, 5 PM UTC

US Economy Shrinks 0.3% as Trump’s Tariffs Hit Hard

The U.S. economy contracted 0.3% in the first quarter of 2025 amidst rising tariffs and trade tensions under President Trump, triggering concerns about recession and market volatility. Trump blames predecessor Biden for current woes.

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24 Hours US economy shrinks 0.3 percent Q1 2025 + Trump blames Biden for shrinking economy + Ukraine set to sign mineral deal with US + Federal judge orders release of Columbia student detained by ICE + Pakistan warns of Indian military strike soon + Russia launches more drone attacks in Ukraine + Massive wildfires rage near Jerusalem + NFL fines Falcons and coach over prank call + HHS reevaluates $89 billion contract to nonprofit + Trump marks 100 days with campaign-style Michigan rally + Wisconsin judge suspended for aiding illegal alien evade ICE + China factory activity falls amid tariffs + House GOP plans broad student loan and Pell cuts + US cuts hundreds of environmental justice grants + Trump threatens New York Times for 'unlawful' reporting + Judge suspends Border Patrol warrantless arrests in California

Number 0.3% - US GDP shrank in Q1 2025, first contraction in three years.

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

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