U.S. economy shrinks 0.3% in Q1 2025, raising trade policy concerns amid largest export drag since 1947.
The U.S. economy contracted by 0.3% in the first quarter of 2025, missing forecasts and sparking concerns about the growing impact of trade policy.
The drop marks the largest net export drag recorded since 1947, as businesses scrambled to import goods before Donald Trump’s new tariffs kicked in.
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