US economic growth misses President Trump’s 3% goal.

The US-China trade war may be winding down, but its impact on the US economy lingers. Business investment has been affected by ongoing trade disputes with major economic players. The US Commerce Department will soon release a report on GDP. It is expected to show that the Federal Reserve’s interest rate cuts have supported the country’s longest economic expansion, now spanning 11 years.

Although the effects of economic stimulus are tapering off, the boost from Trump’s significant tax cuts in 2018 is diminishing. These cuts were meant to sustain a 3% growth rate, a target that has not been met.

Following remarks from Fed Chairman Jerome Powell about expecting continued moderate growth, concerns have been raised about threats to economic progress, such as the recent coronavirus outbreak in China.