Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump's overhaul plans, and execution of his tariffs created widespread confusion and uncertainty

Donald Trump promised to usher in a new golden age" for the US economy - one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.

Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity.