The numbers for all of 2025 aren’t out yet. But during the first 3 quarters of the year, Trump’s #tariffs — or the threat of them — delivered mixed results for the #US #economy.
From January to March, US GDP actually shrank for the first time in 3 years. The main culprit was easy to identify: a surge in imports, which are subtracted from GDP, as US companies rushed to buy foreign products before #Trump could impose tariffs on them.
But growth rebounded in the second half of the year. From April through June, the #economy expanded at a healthy 3.8% pace. And from July through September, it grew even faster — 4.4%. A big part of the surge was a drop in #imports, likely reflecting #Trump’s #tariffs as well as the fact that importers had already stocked up at the start of the year. Strong consumer spending also drove economic growth.
#economy #inflation #CostOfLiving #affordability #FactCheck #TrumpLies