U.S. Economy Surges 3% in Q2 2025, Beating Forecasts as Tariffs Curb Imports
Summary
Breaking news: U.S. GDP soars 3% in Q2 2025, exceeding projections, as Trump's tariffs slash imports by 30.3% while consumer spending climbs 1.4%; Trump pressures Fed for rate cuts, citing 'No Inflation!'
Key Points
- U.S. economy grows at 3% rate in Q2 2025, better than expected 2.3% forecast
- Consumer spending rises 1.4%, imports fall 30.3% as Trump's tariffs hit
- Trump demands Fed lowers interest rates, says 'No Inflation!'