Trump's Economic Impact: Tariffs, Jobs & Inflation

Six months into his term, Trump’s tariffs and immigration crackdowns are beginning to influence prices, job growth, and inflation data.

Tariffs are beginning to show on store shelves. Furniture, clothing, and other imports are becoming more expensive for U.S. consumers.

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June inflation came in at 2.7%. But prices for core goods (excluding autos) jumped at the fastest rate in three years.

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Employment growth is slowing in sectors dependent on undocumented workers. The foreign-born labor force has shrunk significantly since March.

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Trump’s steep new tariffs have sent copper to record highs. Steel and aluminum prices have also surged—impacting construction and tech sectors.

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Yale Budget Lab estimates that Americans now face a 20.6% effective tariff rate—potentially costing each household $2,800 annually.

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Despite strong earnings from banks, Treasury yields jumped above 5%. Tariffs are raising costs and increasing pressure on long-term debt.

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Softening in service sectors—like air travel and hotels—could keep inflation in check. The Fed might resume rate cuts if demand slows.

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Trump insists inflation remains under control and is urging the Fed to slash interest rates, downplaying the tariff impact.

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Spending among lower-income Americans is weakening—but wealthy households and booming markets are keeping the economy afloat—for now.

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Thanks for Reading

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Six months into his term, Trump’s tariffs and immigration crackdowns are beginning to influence prices, job growth, and inflation data.

Trump’s Policies Start Shaping the Economy

Tariffs are beginning to show on store shelves. Furniture, clothing, and other imports are becoming more expensive for U.S. consumers.

📦 Tariffs Drive Up Prices

June inflation came in at 2.7%. But prices for core goods (excluding autos) jumped at the fastest rate in three years.

🪙 Inflation Hits 2.7%

Employment growth is slowing in sectors dependent on undocumented workers. The foreign-born labor force has shrunk significantly since March.

Immigration Crackdown Slows Job Growth

Trump’s steep new tariffs have sent copper to record highs. Steel and aluminum prices have also surged—impacting construction and tech sectors.

⚠️ Copper, Steel & Aluminum Soar

Yale Budget Lab estimates that Americans now face a 20.6% effective tariff rate—potentially costing each household $2,800 annually.

💸 Tariff Impact Year Per Household

Despite strong earnings from banks, Treasury yields jumped above 5%. Tariffs are raising costs and increasing pressure on long-term debt.

🏦 Market Feels the Strain

Softening in service sectors—like air travel and hotels—could keep inflation in check. The Fed might resume rate cuts if demand slows.

📊 Fed May Still Cut Rates

Trump insists inflation remains under control and is urging the Fed to slash interest rates, downplaying the tariff impact.

🤔 White House Says Inflation Is “Very Low”

Spending among lower-income Americans is weakening—but wealthy households and booming markets are keeping the economy afloat—for now.

💼 Can Growth Hold Up Long-Term?

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