The US economy unexpectedly shrank in the first three months of 2025 as President Trump’s tariffs sent companies rushing to import goods from overseas, according to data released on Wednesday.

The U.S. economy went into reverse having its worst quarter since Covid. The U.S. Gross Domestic Product stood at an annualized rate of -0.3% in the first quarter, the Commerce Department said ...

Closer look: Stocks tumble following GDP report. Imports of foreign goods and services detract from the country's gross domestic product – more imports cause a greater decline. The Q1 drop was ...