The U.S. economy contracted by 0.3% in the first quarter of 2025, marking its first decline since 2022, according to new Commerce Department data.
The slowdown was driven largely by a surge in imports, as companies moved to stockpile goods ahead of President Trump’s planned tariffs.
At an Invest in America event at the White House, Trump highlighted corporate investment and reiterated support for tariffs as part of his broader economic strategy.
The White House has also unveiled a new public tracker that lists 47 projects from 50 companies, including high-dollar commitments from tech giants like Nvidia, Apple, and OpenAI.
