"Donald Trump’s trade policies appear to have added to growth in the third quarter, as exports rose 8.8 percent while imports fell 4.7 percent."
"The U.S. economy grew this summer at the fastest pace in two years, far outpacing economists’ forecasts.
"The Commerce Department said U.S. gross domestic product—the government’s official economic scorecard—rose at a seasonally and inflation-adjusted 4.3 percent annual rate in the third quarter. The report on the July through September period was delayed due to the shutdown.
“Today’s blockbuster, expectation-smashing GDP report is the latest proof that President Trump’s America First trade and economic agenda continues to turn the page on the Biden economic disaster: American consumers are spending, and American exports are surging,” White House spokesman Kush Desai said. “President Trump built the greatest economy in the world in his first term, and he’s in the process of doing it all over again. Americans can count on benefitting from a historic economic boom in 2026.”
"Gross domestic product is a broad measure of the goods and services produced across the economy. Economists had expected the economy to grow at a 3.2 percent annual rate after the second quarter’s 3.8 percent growth.
"Prior to the inflation adjustment, the economy grew at an 8.2 percent rate.
"Real final sales to private domestic purchasers, a slice of GDP that some economists view as a clearer measure of the health of the private sector, grew at a 3.0 percent annual rate, up from three percent in the second quarter. This suggests that demand from consumers and businesses remained strong and gathered a bit of steam over the summer." . . . More...
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