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US economy contracts in first quarter

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The articles indicate that the US economy experienced a decline in the first quarter, with GDP decreasing at an annualized rate of 0.3% between January and March. The decline in the economy has sparked controversy, with President Trump attributing it to his predecessor, Joe Biden.

  1. CN
    Wang Yi
    Chinese Ministry of Foreign Affairs
    1. If one chooses to remain silent, compromise and cower, it will only make the bully want to push his luck more.
  2. US
    US Department of Commerce
    1. The downturn in real GDP in the first quarter reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending.
  3. US
    Elizabeth Warren
    Democratic Party
    1. One hundred days into his presidency, Donald Trump's red-light, green-light tariffs are shrinking our economy, with businesses stockpiling imports in anticipation of tariff doomsday.
  4. US
    Chuck Schumer
    Democratic Party
    1. This decline in GDP is a blaring warning to everyone that Donald Trump and Congressional Republicans' failed MAGA experiment is killing our economy.
    2. They own the Trump tariffs and higher costs on America's middle-class families.
  5. US
    Karoline Leavitt
    Republican Party
    1. It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth.
    2. But the underlying numbers tell the real story of the strong momentum President Trump is delivering.
  6. US
    Donald Trump
    Republican Party
    1. Maybe the children will have two dolls instead of 30 dolls.
    2. This is Biden's Stock Market, not Trump's. I didn't take over until January 20th.
    3. And maybe the two dolls will cost a couple of bucks more than they would normally.
    4. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden 'Overhang.' This will take a while, has NOTHING TO DO WITH TARIFFS.
  7. US
    Peter Navarro
    White House
    1. So the idea that there's a recession coming should be heavily discounted.
  8. US
    Heather Boushey
    1. In just 100 days, President Trump has taken the US economy from strong, stable growth to negative GDP.
    2. This astonishing turn of fortune is directly due to the incoherence of his economic policy and his mismanagement of federal policy more generally.

US Economy

  1. US Federal Reserve maintains pause in rate cuts amid uncertainty over inflation and unemployment risks
  2. US President Trump reaffirms commitment to not terminating Federal Reserve chairman amidst ongoing economic disputes
  3. US gold price hits record high as investors respond to President Trump's economic policies

sources

  1. 1.BBC
  2. 2.CNA News
  3. 3.The Guardian
  4. 4.South China Morning Post
  5. 5.France 24
  6. 6.Le Monde
  7. 7.ABC News (Australia)
  8. 8.Agence France-Presse
  9. 9.Punchbowl News
  10. 10.Reuters

perspectives

  1. 1.US under Donald Trump
  2. 2.US Politics
  3. 3.US under Joe Biden
  4. 4.US Economy
  5. 5.Inflation
  6. 6.Central Bank

countries

  1. 1.CanadaCA
  2. 2.ChinaCN
  3. 3.FranceFR
  4. 4.Korea, Republic ofKR
  5. 5.MexicoMX
  6. 6.Russian FederationRU
  7. 7.UkraineUA
  8. 8.United StatesUS

organizations

  1. 1.Republican Party
  2. 2.White HouseUS
  3. 3.Democratic PartyUS
  4. 4.Federal Reserve SystemUS
  5. 5.US Department of CommerceUS
  6. 6.YouTubeUS
  7. 7.Briefingcom
  8. 8.High Frequency Economics
  9. 9.New York Stock Exchange
  10. 10.Taiwan Semiconductor Manufacturing Co LtdTW
  11. 11.Truth Social
  12. 12.US Bureau of Economic Analysis

persons

  1. 1.Donald TrumpUS
  2. 2.Joe BidenUS
  3. 3.Elizabeth WarrenUS
  4. 4.Chuck SchumerUS
  5. 5.Jerome PowellUS
  6. 6.Bernd Debusmann Jr
  7. 7.Carl Weinberg
  8. 8.David Mericle
  9. 9.Elon MuskUS
  10. 10.Howard LutnickUS
  11. 11.Karoline LeavittUS
  12. 12.Lisa MurkowskiUS

technicals

  1. 1.Dogecoin
  2. 2.Covid-19 Pandemic
  3. 3.Gross domestic product
  4. 4.Department of Government Efficiency
  5. 5.Our Ocean Conference
  6. 6.Oval Office
  7. 7.US CHIPS and Science Act
US economy contracts in first quarter