In the second quarter, imports in the United States significantly decreased, boosting GDP growth.

The economic rebound in the United States in the second quarter was mainly due to a significant drop in imports, rather than a true acceleration of the US economy itself. Tom Porcelli, Chief US Economist at PGIM Fixed Income, said, "If we only look at the overall GDP change, we cannot truly understand the situation beneath the economic surface." He pointed out that quarterly GDP growth was strongly influenced by two highly volatile factors - inventories and trade. Earlier this year, businesses imported goods in advance, leading to a surge in imports, which dragged down GDP in the first quarter. Since the second quarter, cumulative imports of goods have decreased by 23% since March, not only completely offsetting the "advance import effect" due to tariffs in the first quarter, but also further lowering import levels. At the same time, exports only decreased by 2.5%, meaning that net exports will significantly boost GDP in the second quarter.