Brief by Shorts91 Newsdesk / 07:16pm on 30 Apr 2025,Wednesday International
At a Cabinet meeting, President Donald Trump praised tariffs and hailed domestic investment, despite a government report revealing the U.S. economy shrank by 0.3% in the first quarter of 2025 — the first contraction since 2022. Economists link the decline to businesses stockpiling imports ahead of Trump’s new tariff policies. Trump, however, deflected blame onto former President Joe Biden, insisting Wall Street’s “bad numbers” were unrelated to tariffs. Later today, Trump is set to meet with CEOs from leading firms including Nvidia and GE Aerospace at an investment event aimed at boosting confidence in the U.S. economy. (PC: BBC)
