The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

At a cabinet meeting, President Donald Trump blamed shrinking economic growth in the first quarter of the year on Joe Biden.

President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States

Donald Trump was elected on a pledge to fix all kinds of problems confronting the US economy, from stubborn inflation to a long-term decline in manufacturing jobs. He’s already declared that he’s off to the greatest start of a presidential term ever.

U.S. President Donald Trump on Wednesday said the contraction in the U.S. economy had nothing to do with his tariff wars and predicted the economy would boom when tariffs kicked in. "When the boom begins,