💨 Abstract

In the first quarter of 2025, the U.S. economy shrank 0.3% due to a surge in imports ahead of President Trump's tariffs, causing concern about potential fallout. Trump attempted to blame his Democratic predecessor, Biden, for the stock market drop following the GDP report. The report provides ammunition for Democrats to claim Trump's policies could lead to a recession.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖