Personal spending revised down by 1/3rd to lowest level in years. Net exports see sharpest drop on record. Inventory surge bolstered the number.

What The Headline GDP Number Doesn’t Show
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BREAKING: US goods imports fall -19.8% in April as President Trump's "reciprocal tariffs" effectively halted trade with many countries.

This marks the largest drop in history for US goods imports.

— The Kobeissi Letter (@KobeissiLetter) May 30, 2025

“There was always concern that it would be tough [for Deere] to push up pricing because it’s gone up so much in the last years,” Jackson said. “But with tariffs, they don’t really have a choice. Like, what do you do?” 👇🏼 pic.twitter.com/wTFDlogu43

— Kalani o Māui (@MauiBoyMacro) May 30, 2025