WSJ decries 'weirdest GDP report ever' as Trump's 'up-and-down' tariff policy takes hold [View all]
Source: Raw Story
July 30, 2025 11:32PM ET
Wednesday's economic data was one of the most confusing releases in recent memory, according to the Wall Street Journal's editorial board.
"This may be the weirdest GDP report ever," the board wrote in an op-ed. "The top line growth number looks good, and the White House naturally touted it. This reverses the 0.5% decline in GDP in the first quarter, which was largely explained by a surge of imports as businesses tried to front-run the anticipated tariff barrage. Growth in the first half was a mediocre 1.2%."
"The crazy swing in imports shows how much Mr. Trump’s up-and-down trade policies have disrupted business decisions and left companies scrambling to adapt," the editorial continued.
President Donald Trump has consistently said his tariff policies would unleash an economic boom in America. However, many economists are skeptical of that outcome, and some have said the policy is likely to bring a recession.
Read more: https://www.rawstory.com/trump-tariffs-2673792374/
Link to WSJ OP Ed - https://www.wsj.com/opinion/gdp-report-economy-consumers-donald-trump-tariffs-d9879d98?mod=hp_opin_pos_1
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