#Trump on Saturday released letters imposing new 30% #tariffs on imports from #Mexico & the #EU, dashing hopes for #trade deals that would avoid such punishing levies. The tariffs will take effect Aug 1.
#economy #inflation #recession #trumpcession #RevengePolitics
https://www.nytimes.com/2025/07/12/us/politics/europe-eu-tariffs-trade.html?smid=url-share
Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings
#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.
#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/
“It’s the end of the world as we know it…”
#Trump #immigration raids leave #crops #unharvested, #California #farms at risk
#economy #groceries #agriculture #inflation #recession #law #immigration
Lisa Tate is a sixth-generation farmer in Ventura County, California, an area that produces billions of dollars worth of fruit and vegetables each year, much of it hand-picked by immigrants in the U.S. illegally.
It's #Trump's #economy now. The latest #financial numbers offer some warning signs
For all of 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.
#Jobs are dwindling. #Inflation is ticking upward. #Growth has slowed compared with last year.
#recession #idiocracy #chaos #instability
https://apnews.com/article/trump-economy-warning-signs-financial-numbers-6f9754dbb6b21c9ef5c557b1ebfe6ce9?utm_source=onesignal&utm_medium=push&utm_campaign=2025-08-02-Economic+shifts+ahead
For decades, Republicans have pretended to be the "party of the private sector" by falsely claiming that the economy only adds government jobs under Democratic presidents.
Today's jobs report from ADP disproves that GOP talking point and shows once again that Democrats are the true party of private-sector job creation, which has slowed dramatically under Trump:
#Jobs #Economy #Unemployment #Trump #Recession #Tariffs #USPol
