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).
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 three months since as companies braced for the imposition of new taxes.
Developing
Â
