That earlier reading marked the lowest since May 2020, when the pandemic's economic impact was just beginning to unfold.Newsweek reached out to the U.S. Department of Commerce for comment via email.Why It MattersThe turnaround coincides with a series of tariff pauses and negotiated pullbacks by President Donald Trump,

President Donald Trump says the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc

President Donald Trump could move ahead with new sanctions on Russia in the coming days as he vents frustration at Russian President Vladimir Putin for his aerial assault on Ukraine over the weekend,

U.S. President Donald Trump said Vladimir Putin had "gone absolutely CRAZY" by unleashing the largest aerial attack of the war on Ukraine and said he was considering more sanctions on Moscow, but he also scolded Ukrainian President Volodymyr Zelenskiy.

The Truth Social parent company's move is another example of Trump's push to be seen as the first "crypto president."

President Donald Trump’s media company says institutional investors will buy $2.5 billion of the company’s stock, with the proceeds going to build up a bitcoin reserve

President Donald Trump marked Memorial Day by posting an all-caps rant on social media that attacked Democrats as “scum” and condemned federal judges as “monsters.” Trump’s grievance-filled message on Truth Social on Monday,

A screenshot shared online in late May 2025 authentically showed a Truth Social post by U.S. President Donald Trump wishing a happy Memorial Day to "the scum that spent the last four years trying to destroy our country.