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Today’s news that America’s GDP shrank in the first quarter of this year is not proof that the economy is heading for a slump. The contraction happened mainly because businesses rushed to import goods to avoid tariffs. But, as our analysis shows, there is other evidence that the economy may be about to experience a mighty shock.
This might not surprise Paul Dans, the architect of Project 2025, who has written a punchy guest essay defending Donald Trump’s record in his first 100 days in office. Mr Dans argues that, as a builder, Mr Trump knows he has to demolish the old system in order to erect a new one. | 
