Peter Retarddo's claim: Big imports ahead of tariffs beat down GDP, and he praised large investment growth.

The investment growth was largely inventories. Most of the imports go first to inventories, but a lot of the imports are in a bonded state, waiting for someone to pay the tariffs on them, or decide to ship them back. Generally, imports get subtracted from GDP, but are cancelled by inventories and eventual sales. Inventory growth is usually negative for future production/jobs.

Consumption did grow 1.8%, and it is a good estimate for stable growth. Except, in this case, consumption pulled forward from tariffs means lower levels next quarters, and bigger inflation adjustments downward.

https://www.bea.gov/news/2025/gross-domestic-product-1st-quarter-2025-advance-estimate

US has very corrupt GDP measurements, where high interest rates boost GDP calculation through the most corrupt component of Owner's equivalent Rent (about 14% of GDP). This is a made up non-transaction amount. Amazingly, US also adds "free financial services" as though a fair cost was charged into GDP.

Not a crazy thing to say if you don‘t particularly like the USA which I have to assume he doesn‘t.

If you live in the US and are not wealthy, stock up on rice, beans, lentils, and spices now. As much as you can reasonably afford. You will be glad you did.

Yes we know MAGAts black is white, up is down and the Orange Turd is a genius. We don’t don’t believe you.

We had a 22 percent increase in domestic investment.

That's good, it really is, but that in and of itself doesn't mean much. Industrial production left the US for a reason. What's changed? The cost of living has only gone up, especially housing, which means the cost of domestic labor is still going to be much higher than many other countries, so how do these US producers plan to turn this new capital investment into a profitable enterprise? How are they going to profitably produce quality goods that Americans can actually afford? Are they only going to make luxury goods for the highest income Americans? If so, who's going to serve the middle and the bottom income levels?

Hmm... "Ruble is top performing currency as trade war hits U.S. dollar"

For the billionaires planning on buying everything up to finish Russiafying our Oligarchy it's a great thing.

That's because all bad news is fake news now, everybody deserves the freedom to choose their own truth! /s

I expect that Navarro will be needing to do a "high prices are good news" bit once stockpiled goods in warehouses in the US also run dry.

If Trump thought that this statement would be a political winner, I suspect that he'd be doing it himself, rather than having Navarro doing so. Right now, the only thing that Trump's currently seeing net positives in the polls I've most-recently seen is his immigration policy. Not on the economy.

Peter Navarro is a quak

Yeah good news for his boss Putin the rest of the world not so much.

Blyat!

And the sky is orange…