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What is U.S. Economy Contracts Amid Tariffs about?
The U.S. economy contracted by 0.3% in the first quarter of 2025, primarily due to businesses stockpiling imports ahead of impending tariffs and a slowdown in consumer spending. This marks the first economic decline since early 2022, with net exports significantly impacting GDP. Meanwhile, the Trump administration reached a deal with Ukraine for access to its mineral wealth, while China
- Author
- al
- Language
- EN