The US economy shrank in the first three months of the year as government spending fell and imports surged due to firms racing to get goods into the country ahead of tariffs. The economy contracted at an annual rate of 0.

The U.S. economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher costs from tariffs and underscoring the disruptive nature of President Donald Trump's often chaotic trade policy.

The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States

President Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears. He said the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

U.S. President Donald Trump on Wednesday said the contraction in the U.S. economy had nothing to do with his tariff wars and predicted the economy would boom when tariffs kicked in. "When the boom begins,

The economy shrank in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of Trump's often chaotic tariff policy.

President Donald Trump has started vacillating between telling Americans to be patient in the face of bad economic news and blaming his predecessor for it, leaving him vulnerable to losing the support of voters who elected him to improve the nation’s economy.