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This is the key chart when anyone talks about Q1 or Q2 2025 GDP.
Imports surged in Q1 as companies tried to get stuff into the US ahead of tariffs.
Then...imports plunged in Q2 as firms cut back
To put it another way:
Q2 trade added nearly 5 percentage points to GDP
Q2 decline in biz investment subtracted -3.1 percentage points from GDP
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