Trump’s economy shows warning signs

For all the promises of President Donald Trump the economic “golden age”, a A series of weak indicators This week he told a possible story because the effects of his policies have become focused.

Job gains diminish. Inflation knocks up. Growth slowed compared to last year.

More than six months of his mandate, Trump Blitz from the high tariff And New tax and spending bill Trading, manufacturing, energy, and tax systems in America have been reconfigured by his desire. He is keen to get the credit for any victories that may happen and search for another person to blame him if the financial situation begins to rush.

But so far, this is not the prosperity promised by the Republican President, and his ability to blame his democratic predecessor, Joe Biden, for any economic challenges that faded with the global economy commenting on every word and social media.

When it was found that the Friday report on Friday was definitely dark, Trump ignored the warnings of data and The agency’s head Which produces monthly job numbers.

“The important numbers such should be fair and accurate, and cannot be manipulated for political purposes.” “The economy flourishes.”

The disappointing numbers are likely to be increasing pain from the rapid shift caused by Trump and that the strongest growth will return – or it may be a preview of more upcoming disturbances.

Trump’s economic plans are a political gambling

Trump’s aggressive use of definitions, executive procedures, spending discounts and tax law changes involve major political risks if he cannot provide prosperity from the middle class. The effects of his new definition are still several months of ripples across the economy, as many Trump’s allies in Congress will hold campaigns in the mid -term elections.

“Given the early time in his mandate, Trump had an unusually significant impact on the economy,” said Alex Konant, a Republican strategic expert in firefighters. “The complete inflationary effect of the perceived definitions will not be until 2026. unfortunately for the Republicans, this is also an electoral year.”

The White House pictures of the commercial frameworks raid leading to a tariff announcement on Thursday as evidence of its negotiating skill. The European Union, Japan, South Korea, the Philippines, Indonesia and other countries that the White House have agreed to designate that the United States could increase its definitions on its goods without doing the same thing with American products. Trump simply put prices on other countries that lack settlements.

The costs of these definitions – the tax on imports to the United States – will be felt by many Americans in the form of higher prices, but to what extent is still uncertain.

“For the White House and their allies, a major part of the Trump’s expectations and policy of Economy is to maintain vigilance when it comes to public perceptions,” said Kevin Madden, a Republican strategy.

Only 38 % of adults agree to deal with Trump with the economy, according to a survey conducted by the Associated Press Nor of Public Affairs. This has decreased since the end of Trump’s first term when half of the adults agreed to his economic leadership.

The White House draws a poor picture, seeing the emerging economy from a period of uncertainty after Trump’s restructuring and the repetition of the economic gains that were seen in its first term before the epidemic collided.

“President Trump implements the same political mix of canceling organizational restrictions, the most just trade, and tax reductions supporting growth on a larger scale-with the ease of these policies, the best has not yet come,” said White House spokesman Kush Disi.

Modern economic reports indicate troubles

Economic numbers appear during the past week the difficulties that Trump may face if the numbers persist in its current way:

– Friday job report showed that American employers have cast 37,000 manufacturing jobs since then Trump tariff launch In April, the former White House claims are undermined to revive the factory.

The net recruitment has decreased over the past three months with only 73,000 jobs in July, 14,000 in June and 19,000 in May – combined less than 258,000 jobs less than previously shown. On average last year, the economy added 168,000 jobs per month.

– Thursday The inflation report showed These prices increased by 2.6 % throughout the year that ended in June, an increase in the Personal Consumption Expenditure Index from 2.2 % in April. The prices of imported elements, such as devices, furniture, games and games, jumped from May to June.

On Wednesday, a report on GDP – the widest scale of the American economy – showed that it had grown at an annual rate of less than 1.3 % during the first half of the year, which decreased sharply from the growth of 2.8 % last year.

“The economy is just a kind of progress forward,” said Jay Berger, a senior fellow at the Burnj Glass Institute, who studies employment trends. “Yes, the unemployment rate does not rise, but we add a very few jobs. The economy was growing very slowly. It seems that the” Meh “economy is continuing.”

Trump attacks in the Federal Reserve can launch more inflation

Trump has sought to blame any economic problems on the President of the Federal Reserve, Jerome Powell, saying that the Federal Reserve should reduce standard interest rates although doing so may generate more inflation.

Trump has publicly supported two governors of the Federal Reserve, Christop, Elir and Michel Bowman, to vote to reduce prices at a meeting on Wednesday. But their logic is not what the president wants to hear: they were anxious, partly, about the slowdown in the labor market.

But this is a great economic gamble that Trump and those who push the rates of real estate mortgages will also become more expensive as a result of the increase in home activity.

Its customs tariff policy has changed over and over over the past six months, with the latest import tax numbers as an alternative to what the President announced in April, which sparked a sale in the stock market. It may not be a simple amendment for one time as some FBI members and Trump administration officials argue.

Trump did not hear warnings related to “global” tariffs

Of course, Trump cannot say no one warns him of the possible consequences of his economic policies.

Biden, then the outgoing president, did so in a A letter last December At the Brookings Institute, he said that the cost of definitions will strike American workers and companies.

“It appears that he is determined to impose a comprehensive and global tariff on all imported goods that were brought to this country on the wrong belief that foreign countries will bear the cost of these definitions instead of the American consumer,” Biden said. “I think this approach is a big mistake.”