Economist: Higher imports led to lower GDP

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00:00If the U.S. economy is anxious now, can we expect worse to come?

00:06Because as the impact of tariffs start to be felt, so as it takes a while for goods from China to arrive in U.S. ports,

00:17and we know that the U.S.-China tariff war started on about April the 10th.

00:22Yeah, but I want to go back a bit on the first question.

00:26You have to take into consideration that lots of industries knew that there will be a hike in tariffs.

00:32So they started importing ahead of time more than they wanted or more than the normal quotas.

00:39So this contributed as well, too. That's why I said it was as well due to the tariffs.

00:46So imagine whenever you import a lot, so it's going to be reflected in your GDP because imports are minus.