US EditionIt's Trump's economy now. The latest financial numbers offer some warning signs
UNITED STATES, AUG 4 – Job gains fell 258,000 below prior estimates over three months as tariffs slowed manufacturing, while inflation rose 2.6% annually, according to economic reports.
- By August 2025, President Donald Trump had introduced significant tariffs along with a new tax and spending legislation that transformed key sectors of the U.S. economy.
- This restructuring follows warnings by outgoing President Biden and others who consider imposing broad tariffs a major mistake with costly impacts on American workers and businesses.
- Recent economic reports show slowed GDP growth at under 1.3% in the first half of 2025, net job gains plummeting, and 37,000 manufacturing jobs lost since the tariff launch in April.
- On Truth Social, Trump emphasized that key data should be presented honestly and not altered for political gain, while a July poll showed his economic approval rating at 38%.
- These indicators suggest challenges ahead despite White House optimism, signaling that the full inflationary tariff effects will emerge over time with uncertain economic outcomes.
60 Articles
60 Articles
WASHINGTON — Despite all of President Donald Trump's promises of an economic "golden age," a series of weak indicators this week painted a potentially troubling picture as the effects of his policies begin to sink in.
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It’s Trump’s Economy Now
“For all of President Donald Trump’s promises of an economic ‘golden age,’ a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus,” the AP reports. “Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year.” “More than six months into his term, Trump’s blitz of tariff hikes and his new tax and spending bill have remodeled America’s tradin…
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