Economics

U.S. Economic Growth Seen Stumbling as Trade Hits Companies

GDP probably expanded 1.8% in second quarter, down from 3.1%
Business investment may have posted first decline since 2016

Semi-trucks drive past shipping containers in the APM shipping terminal at the Port of Los Angeles.
Photographer: Patrick T. Fallon/Bloomberg

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By Katia Dmitrieva and Ryan Haar

July 25, 2019 at 9:00 AM UTC

Updated on

July 25, 2019 at 2:31 PM UTC

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Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer keeping things from looking even worse.