The U.S. economy has shrunk for the first time in three years, contracting at a rate of 0.3% in the first quarter, primarily due to a surge in imports ahead of impending tariffs. This downturn has sparked a wave of reactions on Wall Street, with stocks wavering and experiencing significant sell-offs. President Trump has pointed fingers at President Biden for the economic slump, despite the negative impact of his own tariff policies. Economic analysts are now questioning whether this contraction is a temporary setback or a sign of deeper issues. As political leaders exchange blame, the implications for future economic growth remain uncertain.