RawDiary

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.

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