Trump's Trade Tariff-ying Show: Markets Brace for Economic Whiplash
Key Points
- The U.S. economy shrank by 0.3% in Q1 2025 amid high tariffs...
Oh look, it's another thrilling episode of "As The Trade War Turns" - where tariffs are the new black and international commerce gets spicier than your grandmother's secret recipe.
The Numbers Game: GDP Goes South (Literally)
The U.S. economy just pulled a magic trick by shrinking 0.3% in Q1 2025, proving that making trade disappear does have consequences. The S&P 500 took a nosedive worthy of an Olympic scoring card, plunging 12% in a week after Trump's tariff announcement on April 2. But hey, like a rubber band, markets bounced back by May - though perhaps with less elasticity than we'd h...
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