https://www.taxtmi.com/news?id=47690 No regulatory action is addressed. The report attributes a first-quarter annualized GDP contraction to a surge in imports brought forward ahead of anticipated tariffs, which mechanically reduced measured domestic output because imports are subtracted from GDP; it also notes slowed consumer spending, reduced federal spending, and that this was the Commerce Department's third and final revision for the quarter. en-us Thu, 26 Jun 2025 18:31:03 +0530 Thu, 26 Jun 2025 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47690 No regulatory action is addressed. The report attributes a first-quarter annualized GDP contraction to a surge in imports brought forward ahead of anticipated tariffs, which mechanically reduced measured domestic output because imports are subtracted from GDP; it also notes slowed consumer spending, reduced federal spending, and that this was the Commerce Department's third and final revision for the quarter. News - Thu, 26 Jun 2025 18:31:03 +0530 https://www.taxtmi.com/news?id=47690