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US economic growth rebounds in second quarter
« on: July 30, 2025, 09:38:13 am »
 US economic growth rebounds in second quarter
by Sylvan Lane - 07/30/25 8:56 AM ET

U.S. economic growth rebounded in the second quarter of 2025, largely due to the unwinding of a surge of imports triggered by President Trump’s tariffs.

U.S. gross domestic product (GDP) expanded an annualized rate of 3 percent between April and June after falling 0.5 percent in the first quarter of the year, according to data released Wednesday by the Bureau of Economic Analysis (BEA).

The BEA said the increase came “primarily” due to a decline in imports, which detract from GDP and surged during the first quarter ahead of Trump’s tariffs. Imports fell in the following three months as companies braced for the imposition of new taxes.

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https://thehill.com/business/5427257-us-economic-growth-rebounds-in-second-quarter/
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Re: US economic growth rebounds in second quarter
« Reply #1 on: July 30, 2025, 10:16:14 am »
U.S. Economy Rockets up to Three Percent Growth in Second Quarter Under Trump

Sean Moran 30 Jul 2025

The U.S. economy under President Donald Trump exceeded expectations and grew at an annualized rate of three percent in the second quarter, according to Commerce Department data released on Wednesday.

The Commerce Department report found the American economy, as measured by Gross Domestic Product (GDP), made the gains from April through June. GDP is a measure of a basket of goods and serves to measure growth throughout the U.S. economy.

The three percent figure exceeds the Dow Jones estimate at 2.3 percent and reversed the 0.5 percent decline the first quarter of the year experienced.

Heather Long, a chief economist at Navy Federal Credit Union, said, “The word of the summer for the economy is ‘resilient.’ The consumer is hanging in there, but still on edge until the trade deals are done.”

Consumer spending rose by 1.4 percent in the second quarter and exports declined by 1.8 percent during the same period.

The GDP data also shows that inflation is declining, although it has yet to completely subside.

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https://www.breitbart.com/politics/2025/07/30/u-s-economy-rockets-up-to-three-percent-growth-in-second-quarter-under-trump/
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