The U.S. economy contracted by 0.3% in the first quarter, marking a rare decline. Experts attribute the slump to ongoing trade tensions and tariffs linked to Trump’s trade wars, disrupting business investment and growth.
Browsing: Economic Contraction
In a meeting with business leaders, former President Trump said he needs a “little bit of time” to address the shrinking US economy, which recently entered a recession, according to BBC reports.