What role did Trump's tariffs play in economy's third quarter surge?
CBS America · Just In
CBS America
Just In
New government data reveals the U.S. economy saw a major surge in the third quarter of 2025.
Breakdown
- U.S. GDP grew 4.3% in Q3 2025, the highest in two years 6s
- Consumer Confidence Index fell to its lowest since April after tariffs 15s
- Tariffs affected GDP by altering import and export patterns 1m 31s
- Consumer spending rose 3.5% in Q3 despite tariff concerns 2m 4s
- Annual GDP growth for 2025 expected to average around 2% 1m 23s