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Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.
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U.S. Economy Shrank in First Quarter as Trump Tariffs Loomed The New York TimesUS economy goes into reverse from Trump's abrupt policy shifts CNNUS economy shrinks by unexpected 0.3% dw.comUS economy shrinks 0.3%, companies race to get ahead of Trump tariffs - live updates BBCUS economy contracts at 0.3% rate in Q1, first GDP pul
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During the first 100 days of the Trump administration, shock waves from the chaotic tariff rollout continue to send tremors through the global financial system.
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Caterpillar Posts Worse-Than-Expected Q1 Sales, Issues Two Outlook Scenarios Yahoo FinanceCAT Lifts Dow Jones On This News About Trump Tariffs' Impact Investor's Business DailyCaterpillar Reports Fourth-Quarter And Full-Year 2024 Results Caterpillar IncCaterpillar Earnings Miss Estimates as Demand for Machines Falls Bloomberg.comCaterpillar Earnings Miss Estimates. The Stock Is Rising. Barron's
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Faced with tariffs introduced by President Trump on cars, steel and aluminum, Europe's carmakers are pessimistic about the future.
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The move comes as President Trump's tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
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Amazon disputed a news report that it would display import fees, saying staff considered the move on its low-cost Temu competitor, Amazon Haul, but that nothing has been implemented.
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