The aggressive tariff policy promoted by US President Donald Trump has caused changes in trade flows and growth in large economies before their implementation substantially begins, as evidenced by data announced in recent days. The biggest impact was in the US itself, where GDP decreased by 0.3%in the first quarter, for the first time since 2022 when the US economy came out of the pandemic crisis. GDP decline caused a sensation as growth in the US was particularly strong in the past two years and stood at 2.3% in the fourth quarter of 2020, while analysts expected a slowdown but in no way a negative rate. The negative surprise is mainly due to the explosive increase in US product imports by 51%, with businesses rushing to boost their stocks before imposing duties to avoid increases in prices that they would inevitably cause. The negative impact of imports on GDP was […]
Source: News Beast
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