US economy growth: GDP expands at surprising 3.8% pace in April-June quarter; trade shifts drive second quarter upgrade

The US economy rebounded in the second quarter with a surprising 3.8% growth, a significant upgrade from the previous estimate, following a contraction attributed to trade policies. A sharp drop in imports and accelerated consumer spending fueled the surge. However, economists caution that tariffs risk slowing growth and unsettling businesses, as job growth has slowed considerably.

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