07/30/2025

In Q2 2025, the U.S. Economy Expanded by 3 percent

However, economists say the growth number masks weaknesses

The U.S. economy expanded at a surprising 3 percent annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump’s trade wars.

Still, details of the report suggested that U.S. consumers and businesses are wary about the economic uncertainty arising from Trump’s radical campaign to restructure the American economy by slapping big taxes — tariffs — on imports from around the world.

"Headline numbers are hiding the economy’s true performance, which is slowing as tariffs take a bite out of activity," wrote Nationwide chief economist Kathy Bostjancic.

Please select this link to read the complete article from The Associated Press.