The US economy expanded sharply in the second quarter as businesses dialed back on imports after stocking up earlier in the year to get ahead of President Donald Trump’s tariffs. But a look under the hood shows an economy that’s sputtering.

Wednesday brought the first official estimate of how much the U.S. economy grew in April through June. Here’s what to know: Gross domestic product grew at a 3% rate in the second quarter. That marked

The latest GDP report follows a decline of 0.5% in the first quarter, the weakest period of economic growth for the U.S. since Q1 in 2022 that was “primarily reflected” by an increase in imports as businesses aimed to get in front of President Donald Trump’s tariffs, and a decrease in government spending, the BEA said.