Photo: JEFF KOWALSKY / AFP / Getty Images
The US economy grew at an annualized rate of 3% in the second quarter, despite the fearmongering by Democrats and the mainstream media over tariffs.
That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter.
The period reported includes President Trump’s April 2 “liberation day” tariff announcement. Imports had jumped in the first quarters as companies sought to get ahead of the announcement.
This comes on the heels of consumer spending rising 1.4% in the second quarter, better than the 0.5% in the first three months of the year.