Trump Action Archive

Supporting reports

• GDP growth slowed to 1.5% in Q2, below economist expectations of 2.1%, attributed to Iran war disruptions and elevated energy costs. — The Commerce Department reported Thursday that U.S. GDP grew at an annualized rate of 1.5% in the second quarter, falling short of the 2.1% rate economists had predicted. The slowdown reflects economic strain from the Iran conflict, which has disrupted shipping in the Strait of Hormuz and driven global energy costs higher. U.S. gas prices surged from $2.98 per gallon before the war to over $4 during the quarter. The first quarter had shown 2.1% growth.
• Trump administration campaign to rewrite pandemic history and restrict scientific funding — The article documents a broader Trump administration effort to rewrite the history of the Covid-19 pandemic and restrict scientific research funding. The administration has invoked the "lab leak" theory to criticize past pandemic policies while simultaneously cutting $11.4 billion in state and local health department funding. Disruptions to cancer and Alzheimer's research funding are justified as eliminating diversity, equity, and inclusion initiatives. A proposed rule would place the entire $1 trillion federal grant-making apparatus under control of political appointees, based on trials at the National Institutes of Health in 2025.
• Q2 GDP growth falls to 1.5%, below forecast — Second-quarter GDP growth came in at 1.5%, significantly below the 2.1% estimate. Trump administration officials have continued to promise 4–6% growth, creating a gap between official projections and actual economic performance.
• Treasury bond selloff follows Fed decision to hold rates steady — A selloff in Treasury bonds occurred after the Federal Reserve held interest rates steady for a seventh consecutive month. The bond market reaction suggests investor concern about inflation or economic conditions despite the Fed's decision to maintain current rates.
• U.S. GDP Growth Slows Amid Iran Conflict — The U.S. GDP grew at an annual rate of 1.5% in the second quarter, falling short of the expected 2.1% growth. The Commerce Department attributes the slowdown to the ongoing conflict in Iran, which has disrupted shipping and increased global energy costs. The economic impact is evident in rising gas prices and concerns over future growth.
• US GDP Growth Slows in Q2 2026 — The US GDP grew at an annual rate of 1.5% in the second quarter of 2026, below expectations. The slowdown is attributed to the economic impact of the conflict in the Middle East, which has disrupted shipping and increased energy costs.