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It's Trump's economy now. The latest financial numbers offer some warning signs
UNITED STATES, AUG 2 – U.S. manufacturing lost 37,000 jobs since April tariffs, with net hiring down 258,000 over three months, challenging claims of economic growth under Trump policies.
- Despite President Trump’s assurances of a booming economy, recent data indicate that U.S. economic growth slowed to under 1.3% annually in the first half of the year.
- This slowdown follows Trump's aggressive policies, including tariffs, tax, and spending bills that have remodeled key economic sectors more than six months into his term.
- Key details show net hiring has plummeted with combined job gains for May to July 258,000 lower than prior reports, and 37,000 manufacturing jobs lost since April's tariff launch.
- A July survey conducted by The Associated Press-NORC Center found that approval of Trump's economic management rests at just 38% of adults, a decline from the 50% approval recorded at the conclusion of his first term.
- While the White House projects growth as policies take effect, experts say the economy is merely slogging forward and full inflationary tariff impacts are not expected until 2026.
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It's Trump's economy now. The latest financial numbers offer some warning signs (World)
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. Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year. Mor...
·Kelowna, Canada
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CHRONIQUE. The policy of regulating, lowering the tax rate, prioritizing private assets threatens the United States with an economic and financial crisis.
·Paris, France
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Associated Press News+9 Reposted by 9 other sources
It's Trump's economy now. The latest financial numbers offer some warning signs
President Donald Trump's economic policies are facing scrutiny as weak indicators emerge. Job gains are dwindling, inflation is rising and growth has slowed compared to last year.
·United States
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Total News Sources15
Leaning Left4Leaning Right2Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 31%
C 54%
15%
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