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The latest figures have raised some hopes that the country may be able to weather the uncertainty from tariff policy without suffering a painful economic downturn.

The economic downturn has every member of President Donald Trump's administration trotting out the Shaggy defense.

The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% in the previous quarter.

The economy contracted at an annual rate of 0.3%, a sharp downturn after growth of 2.4% in the previous quarter, the Commerce Department said.

But he also voiced a cautionary note about the Trump administration’s “reckless tariff policies,” which are already pointing to a steep downturn in imports landed at the ports of Long Beach and Los Angeles.