That GDP could have been higher actually given the strong consumer spending and AI buys. Net exports dragged on it as exports fell but imports dropped bigly in a reversal of the previous quarter which saw massive imports to frontload inventory
We covered that, though. He didn't end up implementing the majority of the Tantrum Day tariffs on April 5. Just the 10% universal as he prepped for 90 deals in 90 days and ended up with less than 10.
People figured out the TACO trade.
You do recognize a fluid situation when you see one, yes? There's a mix of good and bad as we have to watch things play out, including the TACO factor. Not to mention the appeal to the Supremes. We'll see the supply impacts and tariff avoidance play out over like the next 18 months. Piles of investment and capex is on hold waiting to see some stability. Q2 25 isn't where you wanna look though. Might wanna consult the Beige Book