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Here's what to know as new report shows the U.S. economy shrinking

Name: Here's what to know as new report shows the U.S. economy shrinking
Uploaded: 2025-05-01T07:04:00-0400
Duration: 2 min 50 s
Description: New numbers show the U.S. economy got smaller in the first three months of 2025. It's the first time it's happened since the pandemic. Many economists blame President Trump's tariffs for the decline in GDP, but the president said it's not his fault. CBS News' Weijia Jiang has more.

New numbers show the U.S. economy got smaller in the first three months of 2025. It's the first time it's happened since the pandemic. Many economists blame President Trump's tariffs for the decline in GDP, but the president said it's not his fault. CBS News' Weijia Jiang has more.