Tariffs Tanked GDP, Not Imports

Tariffs Tanked GDP, Not Imports

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.” Some are even suggesting that economics is a “dismal pseudoscience” and that Trump has “smas…