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U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

Published

2 months ago

on

www.abccolumbia.com – Associated Press – 2025-04-30 09:36:00

SUMMARY: The U.S. economy contracted 0.3% in the first quarter of 2025, marking the first decline in three years, largely due to President Trump’s trade wars. A surge in imports, as companies rushed to bring in goods before tariffs took effect, reduced GDP growth. Consumer spending slowed sharply, and government spending dropped. While a rebound is expected in the second quarter, trade deficits and rising tariffs may worsen growth later in the year. Inflation concerns grew, with the Fed facing challenges in balancing interest rates. Meanwhile, job growth has slowed, signaling potential economic uncertainty.

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The post U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses appeared first on www.abccolumbia.com


Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Left-Leaning

The article discusses the first-quarter GDP decline in the U.S., attributing the downturn largely to President Trump’s trade wars and tariffs. It emphasizes the negative economic effects of his policies, including high tariffs and erratic trade practices, which are portrayed as significant contributors to the economy’s contraction. The article also includes critical quotes from Democratic figures, such as Senator Elizabeth Warren, who blame Trump for disrupting economic growth. The tone suggests a critical stance toward Trump’s economic decisions, leaning toward a left-leaning perspective, while also providing a factual report on the economic data.

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News from the South - South Carolina News Feed

RCSD: Former county council member arrested

Published

12 hours ago

on

July 3, 2025

By

www.abccolumbia.com – Tiffany Rigby – 2025-07-03 10:17:00

SUMMARY: Former Richland County Council member Anthony “Tony” Mizzell was arrested on June 29 after deputies observed his speeding Cadillac and initiated a traffic stop. Mizzell fled, claiming his daughter had a medical emergency, but deputies found no medical issues at the home he stopped at. The homeowner presented text messages and recordings of Mizzell threatening her. Two weapons were found in his vehicle. Mizzell became combative and threatened a deputy before being checked by EMS. Charged with failure to stop, reckless driving, third-degree domestic violence, and threatening a public official, he was later released on surety bonds.

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The post RCSD: Former county council member arrested appeared first on www.abccolumbia.com

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News from the South - South Carolina News Feed

‘It bottlenecks every day’: Hwy. 17 construction frustrates Myrtle Beach drivers

Published

17 hours ago

on

July 3, 2025

By

www.youtube.com – WPDE ABC15 – 2025-07-03 05:08:11


SUMMARY: Drivers in Myrtle Beach are frustrated with ongoing construction on the U.S. 17 bypass, causing daily traffic bottlenecks and long backups, especially during rush hour. The project, which began in July 2022, aims to widen the highway from two to three lanes over a mile and a half stretch but has dragged on for nearly three years. Locals report painful detours, lane reductions, and slowed speed limits without visible progress, leading many to avoid the area entirely. Businesses near the construction, like Joe’s Airport Diner, are also affected. Officials have yet to provide an updated timeline.

Drivers navigating the Highway 17 Bypass near Myrtle Beach Airport (MYR) are expressing frustration over ongoing road construction that has persisted for years.

Many locals said they avoid the area unless absolutely necessary due to the traffic congestion:

“The road getting here is terrible,” said Joe Sidoni.

Read more: https://bit.ly/4km2Vzg

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Lawsuit saga: Upstate restaurant still giving food away

Published

1 day ago

on

July 2, 2025

By

www.youtube.com – WYFF News 4 – 2025-07-02 20:15:32


SUMMARY: Angelina, an upstate restaurant, has been serving free food because the City of Fountain Inn has refused to grant it a business license. The owners, Paul and Virginia Kelly, reveal the original lawsuit against the building’s former tenants was dropped, but the city still won’t license Angelina. Losing hundreds of thousands in revenue, Angelina has sued the city. The city offered a license if the lawsuit is dropped, which the owners call blackmail—they just want to recoup losses. The city says it’s resolving the issue and awaits court dismissal to issue a license. Meanwhile, the community supports Angelina via GoFundMe.

Lawsuit saga: Upstate restaurant still giving food away

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