U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

The January-March drop in gross domestic product — the nation's output of goods and services — reversed a 2.4% gain in the last three months of 2024.

U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses
The January-March drop in gross domestic product — the nation's output of goods and services — reversed a 2.4% gain in the last three months of 2024.