US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recession

The US economy shrank in the first three months of the year, according to official data, as Donald Trump returned to the White House promising to make America great again".

The US president sought to blame Joe Biden for the reading. But economists said it was largely driven by an unprecedented surge in imports, as consumers and companies braced for Trump to impose his controversial wave of tariffs.