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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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Caterpillar expects "negative economic growth" in the second half of the year.
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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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British bank Barclays on Wednesday reported slight beats on revenue and profit, boosted by stronger investment bank performance.
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Personal Income and Outlays, March 2025 Bureau of Economic Analysis (BEA) (.gov)Consumer spending soared in March as Americans tried to get ahead of tariffs CNNCore PCE: Fed's Preferred Inflation Gauge Stalls While Spending Picks Up Bloomberg.comUS consumer spending surges in March, inflation cools Reuters
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A new GDP report is expected to offer a first look at how tariffs are reshaping spending patterns and changing the economy.
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"Higher tariffs will eventually cause higher costs for all our products for the US market," Adidas said in a statement.
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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 probably won't be hiking prices too much if it's declining to show how much tariffs are impacting costs.
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The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was "not going to happen."
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