The Bureau of Economic Analysis released a report showing an abrupt reversal in the U.S. economy. Gross domestic product (GDP), which measures the total market value of goods and services, shrank from a healthy 2.4% in the last quarter of 2024 to -0.3% in the first quarter of 2025. The shift is the first time in three years that the economy has contracted. The slump appears to have been fueled by a surge in buying overseas goods before Trump’s tariffs hit.