It East A The principle of Donald Trump’s economic philosophy that trade deficits are bad for growth. It may also seem to be a cornerstone of GDP Exit. On April 30, the Bureau of Economic Analysis said that the US economy decreased at an annual rate of 0.3% in the first quarter of 2025, the first drop in this type in three years. The office said: “mainly reflected an increase in imports, which are subtraction of the calculation of GDPยป. Trump, apparently embarrassed by the contraction, blamed a “overhang of Biden”. But although it is a bad day for him, it was a good thing for Trumpomy, because the titles broadcast the message that imports are an economic trail.
Do not blame imports for the fall of American GDP
