
U.S. Tariffs Spark Recession: GDP Slumps 0.3%
US GDP fell 0.3% in Q1 2025, the first contraction since 2022. Peking University expert says U.S. tariffs sparked a recession and prolonged economic pain.
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US GDP fell 0.3% in Q1 2025, the first contraction since 2022. Peking University expert says U.S. tariffs sparked a recession and prolonged economic pain.
Trump’s ‘Liberation Day’ on April 2 could reshape global trade as reciprocal tariffs spark concerns over economic disruption.
Global markets plunged on ‘Black Monday’ amid rising fears of a US recession, with major indices suffering their biggest drops since September 2022. Asia-Pacific markets also took a hit but began to recover on Tuesday.