President Donald Trump said tariffs are the reason that real gross domestic product increased at an annual rate of 4.3% in the third quarter of 2025.
In July, August, and September, GDP increased at 4.3%, according to the U.S. Bureau of Economic Analysis, even though economists predicted the economy would grow at a 3.2% annual rate due to the second quarter’s 3.8% growth.
“The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY WILL ONLY GET BETTER!” Trump wrote on Truth Social. “Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!!”
The Supreme Court is considering a case that would overturn Trump’s tariffs.
Due to the recent government shutdown, the Dec. 23 report for the third quarter of 2025 replaces the release of the advance estimate originally scheduled for Oct. 30, as well as the second estimate originally scheduled for Nov. 26.
White House deputy press secretary Kush Desai said the report shows that Americans “can count on benefitting from a historic economic boom in 2026.”
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“Today’s blockbuster, expectation-smashing GDP report is the latest proof that President Trump’s America First trade and economic agenda continues to turn the page on the Biden economic disaster: American consumers are spending, and American exports are surging,” Desai said. “President Trump built the greatest economy in the world in his first term, and he’s in the process of doing it all over again.”
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