“The U.S. economy returned to growth in the second quarter after contracting in the first, largely due to trade swings,” the Wall Street Journal reports.
New York Times: “On the surface, that appeared to represent a strong rebound from the first three months of the year, when output contracted at a 0.5 percent rate.”
“But both those figures were skewed — in opposite directions — by big swings in trade and inventories caused by President Trump’s ever-shifting tariff policies. Taken as a whole, the data from the first six months of the year tell a more consistent story of anemic, though positive, economic growth.”
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