The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government rescue effort that pumped tremendous amounts of money into the economy, the nation was soon outpacing rivals in a return to growth.

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 data will add to fears that the U.

The US economy unexpectedly contracted in the first three months of the year on an import surge triggered by Donald Trump's tariff plans, although the president pinned the blame squarely