Trump's Trade Wars and the Decline in U.S. GDP
Update: 2025-05-02
Description
The U.S. economy shrank in the first quarter of 2025, according to data released this week, and public companies on their earnings calls have recently warned about tariff effects, slowing consumer spending, and coming price increases. On the other hand, the jobs figures for April look solid. Yet nobody knows whether President Trump's Liberation Day tariffs are coming back.
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