America’s economy surged in the second quarter of the year, as Donald Trump’s tariffs slashed imports and so boosted the country’s trade balance.

America’s economy surged in the second quarter of the year, as Donald Trump’s tariffs slashed imports and so boosted the country’s trade balance.

The world's biggest economy expanded at an annual rate of 3% after Trump's tariffs distorted trade.

Gross domestic product was expected to grow at a 2.3% annualized pace in the second quarter, according to the consensus estimate.

Consumer spending ticked up slightly after a near halt, but private sector investments plunged in the second quarter.