this post was submitted on 01 May 2025
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Economics

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Trump tells business chiefs he needs 'little bit of time' as US economy shrinks (www.bbc.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

He claimed the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% in the previous quarter. It comes as Trump marks 100 days in office, with opinion polls indicating public discontent over his economic stewardship.

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[–] [email protected] 3 points 2 weeks ago

He hasn't raped and destroyed enough stuff. He needs more time.