Economic output is shrinking. The stock market has dropped sharply. And consumer confidence has tumbled to its lowest level since the onset of the COVID-19 pandemic.

That hardly looks like the new “golden age” the president promised on Inauguration Day just over three months ago.

Figures released by the Commerce Department Wednesday show that the United States’ gross domestic product contracted at an annual rate of 0.3% in the first quarter of the year, after growing at a solid pace of 2.4% in the final months of 2024.

The U.S. economy shrinks as Trump’s tariffs spark recession fears

Trump promised a new “golden age” for the U.S. But his first 100 days in office have left the economy looking tarnished, with data showing the economy contracted in the first three months of the year.

https://www.npr.org/2025/04/30/nx-s1-5380204/trump-economy-gdp-tariffs-recession-consumers