GDP shrinks for first time in 3 years as Trump tariffs trigger record trade deficit - MarketWatch
1. U.S. GDP contracted 0.3% in Q1 2025, first decline since 2022. 2. Surge in imports was driven by businesses stocking up before tariffs. 3. Consumer spending growth slowed to 1.8%, affecting economic outlook. 4. Trade wars pose recession threats, complicating Fed's interest rate strategy. 5. DJIA opened mixed after GDP data, reflecting market uncertainty.