US GDP expected to show sharp decline, analysts warn of possible recession

First-quarter US GDP figures are anticipated to show a significant slowdown, potentially signaling a recession, influenced by a surge in imports ahead of President Trump’s tariffs. These tariffs, including a 10% base rate and higher China-specific levies, have unsettled investors and triggered market volatility. Analysts have lowered growth forecasts, with some predicting a near standstill at 0.4% for the quarter.