US economy contracted and imports increased due to tariffs, with pricing pressures rising.

From Yahoo Finance: 2025-04-30 08:41:00

The US economy contracted at an annual rate of 0.3% in the first quarter, the first negative reading in three years. Economists had expected a drop to 0.1% growth. Imports increased due to Trump’s tariff push, affecting consumer and government spending. Pricing pressures rose, with the PCE price index increasing 3.6%. Excluding food and energy prices, the index jumped 3.5%.



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