Surge in imports drives US GDP down as businesses navigate Trump tariffs
semafor.com/article/04/30/2025/surge-in-imports-drives-us-gdp-down-as-businesses-navigate-trump-tariffs
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Surging imports to the US have slowed economic growth in the first quarter, leading to a 0.3% contraction, new data published Wednesday showed, sending US stock markets into the red on open.
The negative reading reflected “the record widening of the US trade deficit” as…
This story appeared on semafor.com, 2025-04-30 14:41:09.