💨 Abstract

The U.S. economy shrank by 0.3% in Q1 2025, the first drop in three years, due to disruptions from Trump's trade wars. Many companies have reported lowered profits and uncertain forecasts due to tariffs and the unpredictable nature of the policy. Companies like Caterpillar, Stanley Black & Decker, and Newell Brands are adjusting their supply chains and raising prices to offset tariff impacts.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖