RawDiary

US Economy Shrinks 0.3% in Q1 Amid Tariff Turmoil

The U.S. economy contracted by 0.3% in the first quarter of 2025, marking the first shrinkage in three years. President Trump's trade tariffs are blamed for disrupting growth, despite strong consumer spending and rising private investment.

24 Hours US economy shrinks 03 percent in early 2025 + Senate set to vote on repealing Trump tariffs + Trump admits tariffs may cause toy shortages + Columbia student released after ICE detention + Supreme Court leans toward public religious charter + Trump administration cuts 1B in school mental health grants + Elon Musk applauded at Trump Cabinet farewell + Pakistan warns of imminent Indian attack + Israeli wildfires force Jerusalem evacuations + US and Ukraine near minerals deal completion + Judge orders release of pro-Palestinian student + FBI reassigns agents over 2020 kneeling photos + Federal judge limits Border Patrol deportations + Ford CEO says tariff reprieve helps automakers + Trump blames Biden for economy shrinkage + Massive US military spending hits Cold War high

Number 2.7 trillion USD - Global military spending in 2024, highest since Cold War

Quote "I could get him back, but I won't" — President Donald Trump on deported Kilmar Abrego Garcia