US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy. Inflation-adjusted gross domestic product decreased an annualised 0.3 percent in
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
Stock markets around the world plunged for a second day on Friday as China announced retaliatory tariffs of 34 percent on US imports, signalling a major escalation of a trade war ignited by Donald Trump and feeding fears of a global recession. “For all imported goods originating from the US,
