U.S. economic growth rebounded more than expected in the second quarter, but that grossly overstated the economy's health as subsiding imports accounted for the bulk of the improvement and domestic demand increased moderately.

The GDP grew at an annual rate of 3.0% in the second quarter after falling in the first, a swing economists attributed to President Donald Trump's wide-ranging trade war.

The Commerce Department reported that America’s gross domestic product rebounded after falling from January through March.