GDP Surges To 3 Percent In Second Quarter As Trump Finalizes Trade Deals with South Korea, Japan and Europe

GDP Surges To 3 Percent In Second Quarter As Trump Finalizes Trade Deals with South Korea, Japan and Europe

By Robert Romano The U.S. Gross Domestic Product (GDP) grew by 2.97 percent annualized in the second quarter, according to the latest data compiled by the Bureau of Economic Analysis. It’s a good number. The number, following a 0.5 percent decrease in the first quarter, when imports — which are subtracted from GDP — were stockpiled in anticipation of President Donald Trump’s tariff policies taking effect, comes with fewer imports in the second q…