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President Donald Trump’s aggressive tariff plan was largely expected to impact the US economy’s first-quarter performance as companies loaded up on imported goods ahead of higher levies.
The US economy unexpectedly shrank in the first three months of 2025 as President Trump’s tariffs sent companies rushing to import goods from overseas, according to data released on Wednesday.
(Bloomberg) -- What’s the single best way to measure the health of a country’s economy? For most experts, there is little debate that gross domestic product, a quarterly tally of all the goods ...
The U.S. merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to the economy in the first quarter.
The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to the economy in the first quarter.
The industries that were lost to foreign markets stretched the supply chain to the point that foreign countries controlled essential goods for the U.S. economy. When that supply chain was stressed ...
Goods imported from China will now face a combined ... “Today’s decision will add to uncertainty in the global economy, and it will push up costs for American households.” ...
President Donald Trump has vowed to issue a fresh round of tariffs on April 2, presenting it as an inflection point for the economy weeks ... for an array of consumer goods and risking an economic ...
The Trump administration is exempting imported smartphones, laptops and other electronics from reciprocal tariffs. Customs and Border Patrol issued new guidance on reciprocal tariff negotiations ...
GOING TO DRIVE OUR ECONOMY' On top of the levies on steel and aluminum, the Trump administration has threatened reciprocal tariffs of 26% on India's goods. The two countries are working to secure ...
The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to the economy in the first quarter.