Welcome to The Hill's Business &#38; Economy newsletter {beacon} Business &#38; Economy Business &#38; Economy The Big Story  US economy backtracks amid sweeping Trump tariffs Gross domestic product (GDP) shrank during the first quarter of 2025 as a surge of imports ahead of President Trump’s tariffs took a bite out of economic growth calculations. ©...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story  US economy backtracks amid sweeping Trump tariffs Gross domestic product (GDP) shrank during the first quarter of 2025 as a surge of imports ahead of President Trump’s tariffs took a bite out of economic growth calculations. ©...

The article discusses the negative impact of President Trump's tariffs on the U.S. economy, highlighting a contraction in GDP during Q1 2025 due to a surge in imports ahead of the tariff implementation.  

Tariffs begin to take toll

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