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Trump dealt massive blow as US economy shrinks and recession fears erupt

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2025-04-30 16:08:00 3 Views 05 Comment

The US GDP fell by 0.3% in the first quarter of this year, it was announced on Wednesday. The sharp economic contraction comes just 28 days after Donald Trump's self-described "Liberation Day", which saw him slap tariffs on almost every country on earth.

Today, the US Commerce Department's Bureau of Economic Analysis (BEA) estimated that the country's GDP had fallen by 0.3% in the period from January to March.

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