Posted on 07/30/2025 6:13:38 AM PDT by God luvs America
The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump's trade policies. By the numbers
The country's GDP increased at an annual rate of 3% in the second quarter, the Commerce Department said Wednesday. GDP was forecast to grow at a 2% pace for the April-to-June period, according to economists polled by financial data firm FactSet.
(Excerpt) Read more at cbsnews.com ...
Stoopid tariffs. Oh......🙄😂👍💰
unexpected.
Unexpected.
In the first quarter, GDP was suppressed because manufacturers imported more materials than normal in an effort to avoid the incoming tariffs. Imports are generally a net negative to GDP.
In the second quarter, those goods and materials were moved onto inventory or put through the manufacturing process. This is a net positive to GDP.
This kind of “unexpected” swing was only “unexpected” to writers and reporters who have never taken an economics or accounting course.
The real key will be Q3 and Q4. I am not saying 3% is bad or we should dismiss it…but its not really representative of what is going on.
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