Nothing to do with tariffs: Trump as US economy shrinks 0.3%

US President Donald Trump on Wednesday said the US economy's contraction for the first time in three years has "nothing to do with tariffs". "Our country will boom, but we've to get rid of the Biden 'Overhang'...he left us with bad numbers...Be patient," he added. The US economy shrank 0.3% in the first quarter of 2025.