The US economy experienced a significant slowdown in the first quarter of 2025, with GDP contracting by 0.3%, marking the first decline since early 2022. This downturn, driven by heightened trade tensions and aggressive tariffs introduced by Trump, has raised fears of a looming technical recession. Consumer sentiment plummeted to its lowest since the 1990s, reflecting widespread economic anxiety. Trump's tariffs, particularly against China, have been fluid, with temporary suspensions and potential negotiations indicating a complicated trade landscape ahead.
Over the last quarter, the US saw a significant GDP contraction of 0.3%, raising fears of a technical recession amid Trump's aggressive trade strategy.
The drop in consumer sentiment reached its lowest level since the 1990 recession, highlighting the economic impact of ongoing trade tensions and tariffs.
Trump’s administration has navigated through fluctuating stock market responses, opting to shelve several reciprocal tariffs on specific countries for 90 days.
With a looming recession, the Trump administration's implementation of tariffs has stirred both concern and a rally in the stock market following news of possible reductions.
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