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Associated Press

U.S. Economy Shrinks 0.3% in First Quarter as Trump Trade Wars Disrupt Businesses

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The Associated Press

11:10 JST, May 1, 2025

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Tru...

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