Trump Canceling GDP Report Comes Under Scrutiny
0:27
Trump Canceling GDP Report Comes Under Scrutiny
2 months ago
NewsweekAlia Shoaib
This morning you are hearing media cries of "Q1 GDP Falls!" They are obviously gleeful and looking for any reason to smear the Trump economy, but what's behind the supposed economic slowdown? Yes, GDP is down 0.3% this quarter but... - This is largely driven by an increase of imports ( 43%) as companies looked to get ahead of tariffs. **Increase tariffs equals a drop in GDP** - However Government spending is down (-5.1%) which also detracts from GDP, but doesn't reflect poor economic conditions.
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