On April 30, 2025, it was announced that the U.S. economy contracted by 0.3% in the first quarter of the year, marking the first such decline since early 2022. The administration of President Donald Trump attributes the slowdown to policies from the previous administration, but economists point out that the recent tariffs imposed by the current government have significantly contributed to the situation.

Specifically, the imposition of a 10% general tariff on all imports and a 145% tariff on products from China has led to rising prices and reduced consumer confidence. Businesses attempted to stock up on goods before the tariffs took effect, which caused a temporary spike in imports, but was followed by a decline in demand.

President Trump has argued that the tariffs are necessary to protect the U.S. economy and that short-term problems will lead to long-term benefits. However, the decline in stock market indices and the rising uncertainty are raising concerns both in the U.S. and internationally.

This situation has sparked strong reactions from political opponents and international partners, who express concerns about the impact of the tariffs on global trade and economic stability.

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