The latest report from the Commerce Department, released today, states that U.S. GDP grew by 3.3% annually from April to June, following a 0.5% decline in the first three months of 2025.
The data shows that the U.S. economy rebounded this spring after a downturn in the first quarter, which was caused by the Trump administration’s trade policies.
The initial decline in GDP during the first quarter, marking the U.S. economy’s first contraction in three years, was primarily driven by a sharp increase in imports as companies expedited bringing in foreign goods before Trump’s tariffs took effect.
This trend reversed as anticipated in the second quarter, with imports decreasing at a 29.8% rate, which contributed over 5 percentage points to growth from April to June.
The Commerce Department initially projected a 3% growth for the second quarter.
By CEO NA Editorial Staff
