1A The News Roundup For May 2, 2025
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May 2, 2025 Megan Scully, Congress Editor at Bloomberg News, Jeff Mason, White House correspondent for Reuters, and Anita Kumar, Head of standards and practices at Politico, dive into the tumultuous first 100 days of President Trump's administration. They discuss the impact of declining GDP and tariffs on U.S. businesses, revealing fears of a recession and consumer uncertainty. Legal controversies surrounding immigration cases grab attention, while the humanitarian crisis in Gaza sheds light on global challenges. The conversation also touches on evolving trade dynamics and leadership shifts in American politics.
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Trump's Tariffs Hit GDP Hard
- President Trump's first quarter GDP decline reflects his tariff policy's immediate economic impact.
- This slowdown contrasts sharply with growth under Biden's last quarter in office.
Tariffs Disrupt Retail Supply
- U.S. ports see declining shipments as retailers halt imports from China due to tariffs.
- This trend forecasts fewer retail goods, leading to potential empty shelves for consumers.
Approval Ratings Fall Broadly
- Trump's approval drops across key issues like economy and immigration, his traditional strengths.
- Notably, support declines among women, Hispanic Americans, and political independents.