1145 ET - The U.S. economy is likely to remain weak in the 2Q, as activity is weighed down by tariff uncertainty, Comerica Bank's Bill Adams write. First-quarter GDP growth estimate improved slightly to a negative 0.2% from minus 0.3%. Adams braces for another slow quarter. A court ruling against most Trump tariffs will likely prompt importers to increase their orders to get ahead of potential price increases, he says. "There are signs that consumers have been a little more cautious toward discretionary spending recently, too." Adams expects growth to pick again in the 2H "as the economic narrative refocuses away from tariff hikes and toward tax cuts." (paulo.trevisani@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 11:45 ET (15:45 GMT)
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