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

A softening of Trump tariffs since April means global growth could be stronger, the IMF says

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.