<h1>Revised Q2 GDP up to 3.8% as tariff-driven import shifts and regulatory uncertainty weigh on hiring and prices</h1> The government revised second-quarter GDP up to 3.8% after a sharp drop in imports reversed, boosting growth; consumer spending was also stronger than previously reported. The administration's broad tariff program, replacing longstanding pro-trade policy with duties on many imports and targeted products, is identified as a central factor affecting trade flows, business planning and hiring. Legal and regulatory uncertainty from irregular tariff announcements has contributed to hiring weakness and import timing distortions, while tariffs effectively act as domestic price increases borne by importers and consumers. Further macroeconomic and labor data revisions and upcoming GDP and jobs releases may affect policy and compliance risk.