Source: The Daily Economy
by David Hebert
“The latest GDP report has Washington officials buzzing. Growth hit 3.0 percent for Q2, which is a staggering reversal of the dismal -0.5 percent growth in Q1. The White House claims that this is evidence that their trade policies are ‘an absolute blockbuster.’ New Right pundits are pointing out that it beat expectations and that it ‘has good internals.’ … ‘Collapsing imports,’ these pundits say, ‘saved the day’ with regard to GDP figures, just as they were quick to use a surge in imports to explain the Q1 shrinkage. Both are dead wrong. This latest report is just more evidence that tariffs are a disaster, and the economists who warned about them were correct.” (08/05/25)
https://thedailyeconomy.org/article/tariffs-tanked-gdp-not-imports/