That earlier reading marked the lowest since May 2020, when the pandemic's economic impact was just beginning to unfold.Newsweek reached out to the U.S. Department of Commerce for comment via email.Why It MattersThe turnaround coincides with a series of tariff pauses and negotiated pullbacks by President Donald Trump,

President Trump has delayed the start of his 50% tariffs on the European Union until July 9th. NBC News' Yamiche Alcindor reports more. Axios Senior Economics Reporter Courtenay Brown and Bloomberg White House Correspondent Akayla Gardner join Katy Tur to share their analysis.