The S&P Global U.S. Manufacturing PMI™ reported a marginal expansion in April at 50.2, the fourth consecutive month in expansion territory, though lower than the 50.7 forecast. The reading reflects subdued growth, driven by tariffs, rising costs, and supply chain disruptions. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, highlighted concerns over export orders, input costs, and margin pressures.

The World Bank's report projects modest economic growth in the Western Balkans for 2025, 0.5 percentage points below previous forecasts, with a projected acceleration to 3.5% in 2026. The report highlights resilience amid global trade uncertainty, emphasizing the need for structural reforms, labor market improvements, and adaptation to climate change impacts.

A Senate motion to block President Trump's unilateral tariffs failed on April 30, 2025, after a 49-49 vote. The resolution aimed to limit the president's power to impose tariffs without congressional approval, but it did not pass. The vote occurred amid new economic data showing a 0.3% decline in U.S. GDP for Q1 2025, the first drop in three years. President Trump's tariffs, including 10% on most imports, 25% on steel and aluminum, and 145% on Chinese goods, remain in effect, with some nations retaliating with their own tariffs.

U.S. President Donald Trump accused former President Joe Biden of causing economic downturns in the first and second quarters of 2025, citing declining GDP and weak payroll data. The Commerce Department reported a contraction in Q1 GDP, attributed to import surges and reduced defense spending. ADP data showed minimal payroll growth in April, exacerbating market volatility. Trump's claims were criticized as inaccurate, with experts linking economic challenges to his tariff policies and uncertainty. His blame on Biden contrasts with his earlier praise for economic performance during the Biden administration.

On the 100th day of his second term, US President Donald Trump delivered a campaign-style speech in Michigan, highlighting his achievements and criticizing his political opponents. Trump emphasized a 'revolution of common sense' and dismissed polls showing a decline in his popularity. He also softened tariffs on foreign cars and car parts, citing concerns from US car-makers. Trump's immigration crackdown and economic policies, including tariffs, faced legal challenges. Despite some economic improvements, Trump's policies continue to face criticism and legal challenges.