FOR IMMEDIATE RELEASE:
July 26, 2019
CONTACT: [email protected]
One Country Statement on Q2 Gross Domestic Product (GDP) Growth
As Growth Slows from Q1, President Trump's Economic Uncertainty Lingers
WASHINGTON, D.C. – Tessa Gould, Executive Director of the One Country Project, issued the following statement after the Bureau of Economic Analysis issued its Q2 GDP growth, which showed the GDP grew by 2.1 percent – down a full point from from Q1.“Today’s GDP growth announcement shows a slowing economy that is suffering from the self-inflicted wounds of president Trump’s trade war. His tariff spat with China has created needless uncertainty and closed off vital markets for farmers and manufacturers across the United States – limiting our ability to lead in these industries on the world stage. Exports are down and imports are up, and America’s trade policy is being dictated one tweet at a time.
“These soft economic numbers are actually propped up by government spending. Overall, this report is a red flag for the state of the private economy and should be seen as a vote of no confidence in President Trump’s leadership.
“We are in need of leadership from the White House to bolster American industries and support an economy that works for our One Country.”
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About One Country ProjectThe One Country Project, led by former Senators Heidi Heitkamp and Joe Donnelly, is working to promote greater opportunities for rural communities and ensure leaders earn their support. One Country is reengaging with rural Americans, serving as a clearinghouse of research and information for rural Americans, and working to ensure leaders regain trust by fighting for these communities. To learn more, visit the website, OneCountryProject.org.