Did Trump's tariffs hurt US economy in first quarter? Here's what the GDP report card says
- Posted on April 30, 2025
- By Business News Today
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Did Trump's tariffs hurt US economy in first quarter? Here's what the GDP report card says

The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took effect, according to new data released on Wednesday. It is the weakest GDP print since the same period in 2002. The slowdown comes amid growing concerns that Trump's wide-ranging tariffs could disrupt the U.S. economy, with some economists raising the chances of the U.S. slipping into a recession in 2025.