US downturn amid Trump tariffs triggers fears of global slowdown
The US economy shrank in the first three months of the year, according to official data, triggering fears of an American recession and a global economic slowdown.
Donald Trump, who returned to the White House promising to “make America great again”, sought to blame Joe Biden for the figure.
However, economists said it was largely driven by an unprecedented surge in imports, as consumers and companies braced for the president to impose his controversial wave of tariffs.
The front page of The Guardian this morning 01-0-2025:
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