U.S. economy in Q1 shrinks at annual rate of 0.3 pct amid new tariff policies

WASHINGTON, April 30 (Xinhua) -- U.S. gross domestic product (GDP) shrank at an annual rate of 0.3 percent in the first quarter of this year, amid new tariff policies that have increased uncertainty and dampened confidence. The latest figure follows a 2.4 percent GDP growth in the fourth quarter of 2024, according to the...