What does the shrinking of the US economy mean?

The US Department of Commerce announced on April 30th that in the first quarter of 2025, the country's Gross Domestic Product (GDP) shrank by 0.3% compared to the previous year. This is the worst quarterly performance of the US economy since 2022. Many market analysts had predicted that the US economy would perform poorly due to tariff policies, but they did not expect it to be this bad, dealing a heavy blow to the confidence and reputation of the current US government, which had just completed 100 days in office. The US government stated that the poor economic data was all "the fault of the previous administration" and called on the public to "be patient". However, observers believe that the US government's high tariff policies towards trading partners are the "hidden cause" of the economic contraction. Kubei Xi Briefing, a US financial analysis account, pointed out on the 30th that multiple indicators show that a recession in the US economy in 2025 has become a "basic expectation". Typically, US research institutions define an economic recession as two consecutive quarters of negative GDP growth. The last time the US economy went into recession was in 2020, lasting for two months. Now, more and more analysts believe that another recession in the US economy seems imminent.