Trump blames old foe as US economy shrinks

News Snapshot:

US President Donald Trump is urging patience, casting blame and claiming victory in the face of a first-quarter US economic contraction and tariffs that have taken a bite out of his popularity, saying a resurgence is around the corner. The US Commerce Department’s advance gross domestic product data on Wednesday pointed to the first quarterly decline in three years as businesses imported a flood of goods to avoid higher costs from Trump’s pending tariffs. US gross domestic product fell at a 0.3 per cent annualised rate last quarter. Know the news with the 7NEWS app: Download today Republican Trump blamed...