US growth figures show the first contraction in the US economy in three years

The U.S. economy contracted by 0.3 percent between January and March, the first decline in three years, as the threat of President Donald Trump's trade war sparked a surge of imports. "The decrease in real GDP in the first quarter primarily reflected an increase in imports,

The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by stockpiling imports. The slide in GDP for the period was worse than economists’ most recent forecasts and compared with the 2.