The US economy grew an annualized 3% in the second quarter of 2025, rebounding from a 0.5% contraction in the first quarter, and beating market expectations of a 2.4% rise, according to advance estimates. The expansion primarily reflected a decrease in imports, following a surge in Q1, when businesses and consumers rushed to stockpile goods ahead of expected price increases following a series of tariff announcements. Consumer spending also went up. These movements were partly offset by decreases in investment and exports.