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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.
Companies rushed to buy imports before Trump's tariffs could take effect, causing a decline in gross domestic product in ...
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.
US GDP growth is expected to slow sharply in the first quarter from 2.4% growth in the fourth quarter, reflecting a surge in imports ahead of new tariffs. Analysts expect the economy to grow more ...
The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before ...
A new report shows the first decline in the U.S. economy in three years. Trump urged patience and said his tariffs will lead ...
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