The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

US President Donald Trump is focused on the economy today as he hosts CEOs from major companies including Nvidia and GE Aerospace Multiple CEOs will visit the White House on Wednesday for Trump’s "invest in America" event, according to a White House spokesperson.

An early tally of the impact of President Trump’s tariffs is in — and it’s, well, not encouraging. The US economy shrank in the first quarter, the first decline in three years, the Commerce Department said on Wednesday.

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

U.S. stocks began Wednesday with a thud after a report suggested the U.S. economy may have shrunk at the start of the year. But the big losses eased as the morning progressed in the latest sharp swings to smack Wall Street amid uncertainty about what President Donald Trump’s trade war will do to the economy.

U.S. stocks are falling following a report suggesting the U.S. economy may have shrunk at the start of the year.