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US economy shrinks 0.3% as Trump tariffs hit growth
U.S. GDP fell 0.3% in Q1 2025 as Trump’s tariffs disrupted trade, slowed spending, and rattled markets. Inflation and recession fears rise.
Automakers eye global growth, slam U.S. tariffs
At Shanghai auto show, automakers shift focus to global markets, criticizing U.S. tariffs and instability under Trump’s trade and tech policies.
Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.
Trump threatens more tariffs on China
Undeterred by a panicked stock market, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war.
