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The Guardian - US
The Guardian - US
Business
Callum Jones

Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Donald Trump United States Economy Joe Biden China White House
Illustration of Trump with a volatile stock graph coming out of his mouth

Donald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.

Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity.

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