The U.S. economy exceeded expectations in the second quarter, growing at an annualized rate of 3%. This figure surpasses the consensus estimate of 2.3%, indicating stronger-than-anticipated economic activity. The growth occurred even as the Trump administration's tariffs continued to impact international trade. The robust GDP figure suggests resilience in the face of trade headwinds, though the long-term effects of the tariffs remain a subject of ongoing debate among economists and policymakers.