Tricks of the TradeTrade War 2.0I've Always Wondered ...

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GDP

Trade War 2.0

Tariffs are affecting America’s GDP. Here's how.

by Justin Ho
Mar 13, 2025
A January surge in imports will have a negative impact on GDP in the near term. A protracted trade war would drag down economic growth in the long run.
January's surge in imports ahead of Trump administration tariffs isn't likely to become a trend. But exports could decline if the trade war continues.
Justin Sullivan/Getty Images
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Federal workers’ salaries represent less than 5% of federal spending and 1% of GDP 

by Janet Nguyen
Mar 6, 2025
Cutting these jobs indiscriminately will “substantially damage the economy,” experts say.
A view of the U.S. Department of Agriculture building in Washington, D.C.
SAUL LOEB/AFP via Getty Images
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National Debt

What if the U.S. just deleted government spending from GDP?

by Kristin Schwab
Mar 3, 2025
Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.
Commerce Secretary Howard Lutnick, at right, proposed removing government spending from gross domestic product reports.
Andrew Harnik/Getty Images
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National Debt

One consequence of government spending cuts? Lower GDP

by Justin Ho
Feb 26, 2025
Government spending is built into the formula for calculating GDP.
About 6% of GDP is made up of discretionary government spending at the federal level. So cuts to federal spending will translate to a lower GDP.
Kent Nishimura/Getty Images
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Higher income Americans drive bigger share of consumer spending

by Matt Levin
Feb 24, 2025
It could make the economy more vulnerable.
The gap between low and high income spending is particularly wide in the summer and winter, when wealthier Americans are more likely to splurge on travel.
Spencer Platt/Getty Images
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Consumer spending was — once again — key to GDP growth last quarter

by Mitchell Hartman
Jan 31, 2025
Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.
Spending on durable goods — items designed to last, like cars, TVs and washing machines — was up 12% in Q4 2024, the biggest quarterly jump since early 2023.
Kamil Krzaczynski/Getty Images
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GDP shows spenders keep spending despite high interest rates

by Kristin Schwab
Jan 30, 2025
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by consumers.
Many Americans have continued to spend at a healthy clip, fueled by wages, stocks and real estate.
Scott Olson/Getty Images
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The $78 billion trade deficit may look big. But compared to what?

by Elizabeth Trovall
Jan 7, 2025
The trade gap signals strong demand for imports, which can be a good sign for the economy. Also, it's been fairly stable relative to GDP.
When the trade deficit ballooned in 2022, it was a sign of a rebounding supply chain.
Justin Sullivan/Getty Images
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U.S. exports grew in Q3, including in computer parts 

by Stephanie Hughes
Dec 19, 2024
Exports of computer-related services rose too. "You sell the machine, but you also sell the engineers" who can set it up, one expert says.
Imports also increased in the third quarter, underscoring the U.S. economy's growth, says Eswar Prasad of Cornell University.
Spencer Platt/Getty Images
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Companies are spending more on intellectual property. Why?

by Stephanie Hughes
Nov 27, 2024
Some businesses are trying out software with AI capabilities.
More companies are investing in intellectual properties like AI.
Jason Redmond/AFP via Getty Images
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