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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Donald Trump United States Economy Jerome Powell China Recession White House
people walking on city street
Shoppers on 5th Avenue in New York, in March. Photograph: Bloomberg/Getty Images

The US economy shrank in the first three months of the year, according to official data, triggering fears of an American recession and a global economic slowdown.

Donald Trump, who returned to the White House promising to “make America great again”, sought to blame Joe Biden for the figure.

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