The American economy grows in the second quarter despite Trump’s tariff star-news.press/wp

The American economy recovered in the second quarter amid the highest consumer spending and a sharp decrease in imports, prompting President Donald Trump to target the head of the Federal Reserve again.

GDP (GDP) jumped by 3 % between April and June on an annual basis, according to the Economic Analysis Office (BEA), with a surprise of 0.5 % between January and March.

The increase reflected a 30.3 % decrease in imports compared to the first quarter, when companies rushed to the entry of goods in the country before that. Trump’s tariffWhich prompted an increase of 37.9 % during this period. Imports of counting against the country’s gross domestic product.

Consumer spending, which represents more than two -thirds of economic activity, increased by 1.4 % for the period, increasing from an increase of 0.5 % in the previous quarter.

James Knightley, chief economist at Ing Bank, said that the data still appear to consumers “feel nervous from expectations”, after the growth in consumer spending was still less than the same point in 2024.

He added: “Commercial fluctuations will continue to distort the main growth rate during most of this year due to the advanced nature of commercial policy.”

However, the president used the data to pay Jerome Powell, the President of the Federal Reserve, before a Resolution on interest rates Later in the day, the “very late” name of the Central Bank President and urged him to reduce prices.

Trump wrote on the social truth that the number was “better than expected!” It should now reduce the rate. There is no enlargement! Let people buy, re -fund their homes! “

This comes after Trump once again launched shooting on Powell earlier in July, a step that shook bond markets and Rare general warning drawing One of the Big Bank CEOs about the risk of undermining the independence of the central bank.

The federal reserve usually reduces interest rates when the economy is struggling and raised to combat inflation.

Although the FBI reduction rates three times in 2024, the bank was affected in some way or another so far in 2025, saying it wants to assess the impact of definitions and other policies, including tax cuts, on the broader economy.