GDP grown at a sudden rate of 3 % in the second quarter

The American economy expanded at an amazing annual pace of 3 % from April to June, as it increased at least temporarily from a The first quarter decrease Which reflects the disturbances from President Trump’s commercial wars.

However, details of the report indicated that consumers and companies in the United States are concerned about the economic uncertainty arising from the Trump radical campaign to restructure the American economy by slapped large taxes – definitions – on imports from all over the world.

“The title numbers hide the real performance of the economy, which slows down with the tariffs that come out of the activity,” wrote the chief economist throughout the country, Cathy Bustagansic.

The Ministry of Commerce stated that the gross domestic product in America – the country’s product of goods and services – has recovered after it decreased by 0.5 % from January to March. The reason for the first quarter, the first decline in the American economy in three years, was mainly due to an increase in imports-which are offered from GDP-where companies have defended to bring foreign goods before Trump’s tariff.

The Bong was expected to rise, but its power was a surprise: economists expected 2 % from April to June.

From April to June, a decrease in imports-the largest since the outbreak of Covid-19-has added more than 5 percentage points for growth. Consumer spending recorded a 1.4 % dull growth, although it was 0.5 % improvement.

The investment has decreased by a 15.6 % annual pace, and the largest decrease since Covid-19 criticized the economy. Decrease in stocks-where companies worked on the goods they stored in the first quarter-by 3.2 percentage points of growth in the second quarter.

A category within the data of GDP that measures the strength of the economy inherent in the second quarter, and expands at an annual rate of 1.2 %, decreases from 1.9 % from January to March and weakened since the end of 2022. This category includes consumer spending and private investment but excludes volatile elements such as exports and government spending.

The spending and investment in the federal government decreased by an annual rate by 3.7 % higher than a decrease of 4.6 % in the first quarter.

The GDP report showed on Wednesday to reduce inflationary pressure in the second quarter. Federal Federal Infederation Scale Personal consumption expenditures, or PCE price index – an annual rate of 2.1 % in the second quarter, increased by a decrease from 3.7 % in the first. The abstraction of food and volatile energy, the so -called PCE basic inflation, increased by 2.5 %, a decrease from 3.5 % in the first quarter.

On the social media platform, in fact, Trump has seed the GDP earlier and intensified its pressure on the federal reserve to reduce interest rates: “2Q GDP only: 3 %, better than expected!

Trump sees customs duties as a way to Protection of the American industryTomorrow the factories again to the United States and help pay the price of the huge tax cuts signed on July 4.

But the main economists – which are seen by contempt by Trump and its advisors – say his definition It will harm the economyRaise costs and make American protected companies less efficient. They notice that customs duties are paid by importers in the United States, who are trying to transfer the cost to their customers through higher prices. Therefore, definitions can be inflated – although their effect so far has been modest.