The US economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid ...

Analysts noted that the weak economic report does not reflect overall consumer and business performance. Still, Trump’s tariffs shock has begun to rattle data.

The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump's tariffs and a slowdown in consumer spending.