The recent GDP report released on Wednesday revealed that the U.S. economy contracted in the first quarter of the year. This marks the initial indication of the broader consequences stemming from the Trump administration’s tariff policies. These tariffs have disrupted global supply chains and strained international relations, leaving a significant mark on various sectors of the economy. Companies are accumulating goods, leading to a rise in imports, while consumers are becoming hesitant to spend due to uncertainties about their financial prospects.
— new from The Washington Post
