News
Navarro: "Import Surge" Ahead Of Tariffs Dragged Q1 GDP Number Down By Like 5%, Domestic Investment Is "Off The Charts"
White House trade advisor Peter Navarro told CNBC's Jim Cramer in an interview Wednesday morning that an "import surge" ahead of expected tariffs coming into effect skewed the GDP growth number for the first quarter of 2025,
US GDP shrinks, as imports surge, but it is not as bad as it seems
US GDP data was weaker than expected for last quarter. The US economy experienced a sharp slowdown, as expected, and growth contracted by 0.3%, vs. a 0.2% decline anticipated by analysts. However, the headline figure only tells us so much, digging a bit deeper into this report gives us a more rounded picture of the US economy.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly ...
A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
The U.S. economy contracted 0.3% in Q1 2025, driven by a surge in imports ahead of tariffs and slowing consumer spending, ...
The survey was, however, concluded before data on Tuesday showed the goods trade deficit surged to an all-time high in March ...
Senate Democrats are forcing a vote on whether to block global tariffs announced by President Donald Trump earlier this month ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback