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US economy shrinks 0.3 per cent in first quarter of 2025 amid widespread concern over Donald Trump’s tariffs

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Donald Trump asked Americans to be “be patient” after the US economy unexpectedly shrank in the first quarter of the year, amid widespread concern over the president’s tariffs agenda.

Gross domestic product (GDP) decreased at an annualised rate of 0.3 per cent between January and March, according…



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