Trump takes aim at US Fed as import drop lifts economy
Published: 7/30/2025

President Donald Trump's tariff policies led to a drop in imports, boosting US economic growth in the second quarter by 3%, after a contraction in the first quarter. The Commerce Department reported the surge in growth, driven by businesses front-loading imports before Trump's tariffs. Trump criticized Federal Reserve chair Jerome Powell in light of the data ahead of an interest rate decision.