The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

The US economy unexpectedly shrank in the first three months of 2025 as President Trump’s tariffs sent companies rushing to import goods from overseas, according to data released on Wednesday. Gross domestic product, a measure of all goods and services ...

Companies rushed to buy imports before Trump's tariffs could take effect, causing a decline in gross domestic product in first quarter

Japan's economy shrank for the first time in a year in the March quarter, data showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.

Prices paid to US producers unexpectedly declined in April by the most in five years, largely reflecting a slump in margins, suggesting companies are absorbing some of the hit from higher tariffs.

WASHINGTON (AP) — U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy.