U.S. economic growth contracted at -0.3% annualized rate in Q1 2025
The latest GDP numbers show the U.S. economy now shifting into reverse after Donald Trump's abrupt policy shifts. The U.S. president is blaming his predecessor in the White House. Jared Bernstein, former Chair of the U.S Council of Economic Advisers, reacts.
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President Donald Trump acknowledged Wednesday his tariffs could result in fewer and costlier products in the United States but insisted China will suffer more from his trade war.
