The US economy expanded sharply in the second quarter as businesses dialed back on imports after stocking up earlier in the year to get ahead of President Donald Trump’s tariffs. Underlying details in the latest GDP report show that consumers and businesses have slowed their spending. Consumer spending, which powers about 70% of the US economy, picked up in the second quarter to a 1.4% rate, up from the anemic 0.5% in the first quarter. And businesses slowed their spending sharply during the

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