The Damage Report
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Trump Plot UNRAVELS As Devastating Economic Plunge Unveiled In Tariff Chaos
Posted
July 6, 2025
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4:14Now PlayingDonald Trump's plans over intimidation trade deals collapse in his face as first quarter economic data proves the economy shrank worse than it was earlier predicted to in the first quarter due to Trump's tariff chaos. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed
"WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates.
First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods before Trump could impose tariffs on them. The Commerce Department previously estimated that the economy fell 0.2% in the first quarter. Economists had forecast no change in the department’s third and final estimate."
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