Faster than expected the economy of the USA the second quarter of 2025. It Gross Domestic Product (GDP) It increased by 3% on an annual basis, according to the first assessment of the US Department of Commerce.
Economists previously expected US GDP growth only 2.4% for the year. From January to March, there was even a decrease of 0.5%.
US GDP data are reported on an annual basis. Statistics estimate how the economy would evolve if growth in a quarter continued for a whole year. In order to make the data comparable to European quarterly elements, the US is divided by four.
GDP reduction in the first quarter was mainly due to higher imports and lower government spending. Many importers had exploited the period before the tariff dispute sparked by US President Donald Trump in April to import goods in the United States. Thus, they tried to predict the increase in prices of foreign goods as a result of higher duties.
As a result, the economy has managed to reduce the commercial deficit of goods in June. It amounted to $ 86.0 billion, according to the Ministry of Commerce earlier this week.
This is 10.8% less than in May, when the deficit was $ 96.4 billion. While US exports declined by 0.6% compared to the previous month to about $ 178 billion, imports decreased by 4.2% to about $ 264 billion.
US President Trump’s tariff policy aims to reduce the trade deficit. More recently, Trump reached an agreement with EU Commission President Ursula von der Laien on Sunday. According to the agreement, 15% duties will be imposed on deliveries from the European Union from August 1.