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US Market: Live Streaming | Data Shows GDP Shrinking | Tariff War – Economic Times Video
The U.S. economy shrank in the first three months of Donald Trump’s second term as the president tried to develop a positive trade strategy claiming that the world’s tariffs would strengthen the U.S. economy. GDP is a key measure of overall U.S. economic growth, down 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. Contraction – The first since early 2022, putting the United States on the brink of a technological recession, defined as negative growth.
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