Around the world in 100 days: US economy unexpectedly shrinks as Trump tariffs loom over the economy
US President Donald Trump is celebrating his "most successful first 100 days" in US history. All the while, the US economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs. Many economists say that Trump's massive import taxes — and the erratic way he's rolled them out — will hurt growth in the second half of the year. As recession risks continue to rise, FRANCE 24's Charli James welcomes Lex Paulson, Lecturer in Rhetoric and Human Rights at Sciences Po.
US President Donald Trump is celebrating his "most successful first 100 days" in US history. All the while, the US economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs. Many economists say that Trump's massive import taxes — and the erratic way he's rolled them out — will hurt growth in the second half of the year. As recession risks continue to rise, FRANCE 24's Charli James welcomes Lex Paulson, Lecturer in Rhetoric and Human Rights at Sciences Po.
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