💨 Abstract

President Donald Trump, despite a first-quarter U.S. economic contraction and a drop in popularity due to tariffs, claimed a resurgence was imminent. The contraction was due to businesses stockpiling goods to avoid higher tariff costs. Trump's aides praised his economic policies, but there are fears of a recession due to Trump's trade war, with some economists predicting one around midyear.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖