Our recovery reduced the customs tariff

The American economy grew this spring after the slowdown earlier in the year.

The country’s gross domestic product – the largest measure of economic activity – has grown – at an annual rate of 3 percent in April, May and June, according to what he said Wednesday report From the Trade Department. This is a transformation from the previous three months when The gross domestic product was contracted 0.5 percent.

Both measures were distorted somewhat through the great fluctuations in international trade, as companies and consumers prepared for the first time, then their reaction to the tariff for President Donald Trump all over the world. Imports rose early in the year, as companies tried to store foreign goods before valid. This has had the effect of the gross domestic depression in January, February and March, because imports are offered by the government scale for economic activity.

Then the imports decreased in the second quarter of the year Sand -for -number animationMake the character of GDP Spring look somewhat pink. Exports also decreased during the quarter.

Growth is still slowed in general than the previous two years

Consumer spending, the largest engine of economic activity, increased by an annual rate of 1.4 percent in the spring. Business and housing investment decreased during the quarter, while spending increased by government governments and local governments.

With the average measure of GDP in the first and second quarter, the American economy grew at an annual rate of about 1.25 percent during the first half of the year. This is a slowdown every two years of the previous two years, when the economy grew nearly 3 percent.

"We expect the economy to lose more momentum," Samuel said the macroeconomic cemeteries. It expects the growth of the annual gross domestic product by only about 1 % in the second half of the year, as consumers struggle with the increase in the prices of imported goods and companies to the uncertainty about the economic policies of the Trump administration.

The real final sales of private local buyers – which prevent trade and government spending – have grown at an annual rate of 1.2 percent in the second quarter, compared to 1.9 percent in the first three months of the year.

Copyright 2025, NPR