The US economy shrank by 0.3% in the first quarter of this year: the first drop in three years. Economists say GDP fell because of a surge in imports, as companies rushed to bring in foreign goods before US President Donald Trump imposed his tariffs. Meanwhile, Trump has blamed his predecessor Joe Biden for the downturn.
Chapters:
0:00 The state of the US economy
1:13 Abigail Hall, University of Tampa
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Author: DW News
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News post in May 1, 2025, 3:04 am.
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