Trump Attributes Economic Downturn to ‘Biden Overhang’ Amid Tariff Controversy
U.S. Economy Contracts in Q1 2025 Amid Tariff-Driven Import Surge In the first quarter of 2025, the U.S. economy experienced a contraction of 0.3% on an annualized basis, marking its first decline since 2022. This downturn was primarily driven by a significant surge in imports, as businesses accelerated purchases ahead of anticipated tariffs introduced by…
