Gross Domestic Product

U.S. Economy Shrank in First Quarter as Trump Tariffs Loomed

Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.

By Ben Casselman

American University Federal Aid (US) Gross Domestic Product Innovation Personal Finances Recession and Depression Research Science and Technology Trump, Donald J United States Economy United States Politics and Government

Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows

Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.

By Ben Casselman

European Union Gross Domestic Product International Trade and World Market Organization for Economic Cooperation and Development Trump, Donald J United States Economy

Trump’s Trade War Will Slow Global Economic Growth, OECD Says

Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy take their toll.

By Patricia Cohen

Bessent, Scott Customs (Tariff) Gross Domestic Product Inflation (Economics) Prices (Fares, Fees and Rates) Protectionism (Trade) Trump, Donald J United States Economy United States Politics and Government

Trump Bows to Economic Reality With Tariff Delays and Exemptions

With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.

By Alan Rappeport