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In the second quarter of the year, the US economy recorded the fastest growth rate of the last four years, due to the increase in consumer spending and the growth of the economy. Acceleration of soybean deliveries to China before the entry into force of tariffs,
In the first week of July, the United States and China, the world's two largest economies, introduce tariffs. customs for $ 34 billion in imports, Beijing accuses Washington of triggering the worst trade war According to seasonally adjusted data, US GDP grew at an annual rate of 4.1% in the second quarter of 2018, against 2.2% during the three months align with analysts' estimates. This is the strongest performance in the third quarter of 2014.
Between April and June 2018, consumer spending, which accounts for two-thirds of US economic activity, rose of 4%. up 0.5% in the first quarter. Increased shipments of soybeans and other commodities boosted exports in the second quarter of 2018, which recorded the fastest growth rate in the fourth quarter of 2013. Trade contributed 1.06 percent. percentage point to GDP growth. Instead, capital expenditures rose 3.9% between April and June 2018, compared with a gain of 8.5% in the first quarter of the year.
In the first half of 2018, the US economy grew by three, 1% so that Trump's goal of 3% annual growth could be achieved.
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