U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump's tariffs hit

The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in exports and renewed consumer strength, the Commerce Department reported Wednesday.

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April-through-June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a surge imports, which subtract from the total, as well as a weak consumer spending amid tariff concerns.

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