The US economy shrank much faster in the first quarter than previously reported
The US economy shrank much faster in the first quarter than previously reported
www.cnn.com
A battery of new data shows how the US economy is holding up amid Trump’s tariffs | CNN Business
The first quarter’s decline in GDP was attributed to a massive trade deficit as American businesses rushed to stock up on imports to get ahead of President Donald Trump’s stiff tariffs. The third estimate revised imports down, but they still greatly exceeded exports, which subtracted from GDP.