US GDP rose 3.8% in the second quarter compared to the same period in 2024, higher than the previous estimate of 3.3%, according to the Bureau of Economic Analysis (BEA) of the Department of Commerce.
Former US president Donald Trump says significant tariffs on imported semiconductors are coming "very soon" for companies that don't move production to the US.
An independent Fed makes decisions that benefit growth, while history shows that concessions to presidents lead to high inflation, according to experts.
The Trump administration is continuing trade negotiations with other countries despite a court ruling that many of the president's tariffs are unlawful.
To appease Trump, Asian partners pledge to increase purchases of US corn, soybeans, and wheat, paving the way for American agricultural products to regain their market share.
