US GDP contracts in Q1 amid tariff tensions
Wednesday, April 30, 2025, 11:22 am
U.S. economic activity faltered unexpectedly in Q1 with a 0.3% annualized GDP decline, fueled by tariff-driven import pressures. The surprise contraction underscores mounting concerns over trade tensions and economic momentum as policymakers and market watchers scramble to interpret the fallout from ongoing tariff disputes.
Wary of a rebuke to Trump, GOP leaders encouraged their conference not to vote for the resolution, even as many of them remain unconvinced about the tariffs
Such data raises the threat of a worst-case scenario called 'stagflation,' one where the economy stagnates yet inflation remains high.
Gross domestic product decreased at a 0.3 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said.
Le PIB a chuté de 0,3 % au premier trimestre, un résultat nettement inférieur à celui attendu par les analystes.
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