JUST IN: Big rebound in growth -- Q2 GDP comes in at +3% (beating expectations of around 2.5%) The key drivers were: 1) A massive decline in imports after the April "Liberation Day" tariffs. -35.3% (!) for goods in Q2 2) Consumption up 1.4% (vs. just 0.5% in Q1) Notable: Business investment declined in Q2, underscoring how nervous firms are to do much hiring or spending in uncertain times.