US economy shrinks as firms import more ahead of tariffs

Quick Summary:

The world's largest economy contracted at an annual pace of 0.3% in the first three months of 2025.

Leading stock indexes in the US, which had recovered from steep losses as Trump rolled back on some of his plans, opened lower after the figures were published but ended the day roughly flat.

As corporate America enters a busy period of public updates for investors, many companies, including carmakers such as Stellantis and Mercedes, have said they cannot provide guidance about sales expectations for the months ahead, citing the uncertainty.

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Article Details

Category: Business

Markets: United KingdomChinaUkraine

Topics: Months First Trump Three Figures Imports Growth Tariffs Trade Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 15:22:49 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 747 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28330001

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 19 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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