It's Trump's economy now. The latest financial numbers offer some warning signs

For all of President Donald Trump s promises of an economic golden age a spate of weak indicators this week notified a potentially worrisome story as the impacts of his policies are coming into focus Job gains are dwindling Inflation is ticking upward Advancement 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 trading manufacturing potency and tax systems to his own liking He s eager to take credit for any wins that might occur and is hunting for someone else to blame if the financial situation starts to totter But as of now this is not the boom the Republican president promised and his ability to blame his Democratic predecessor Joe Biden for any economic challenges has faded as the world financial system hangs on his every word and social media post When Friday s jobs review turned out to be decidedly bleak Trump ignored the warnings in the facts and fired the head of the agency that produces the monthly jobs figures Significant numbers like this must be fair and accurate they can t be manipulated for political purposes Trump disclosed on Truth Social without offering evidence for his claim The Commercial sector is BOOMING It s practicable that the disappointing numbers are growing pains from the rapid transformation caused by Trump and that stronger rise will return or they may be a preview of even more disruption to come Trump s economic plans are a political gamble Trump s aggressive use of tariffs executive actions spending cuts and tax code changes carries major political vulnerability if he is unable to deliver middle-class prosperity The effects of his new tariffs are still several months away from rippling through the market system right as multiple Trump allies in Congress will be campaigning in the midterm elections Considering how early we are in his term Trump s had an unusually big impact on the business sector already declared Alex Conant a Republican strategist at Firehouse Strategies The full inflationary impact of the tariffs won t be felt until Unfortunately for Republicans that s also an referendum year The White House portrayed the blitz of arrangement frameworks leading up to Thursday s tariff announcement as proof of his negotiating prowess The European Union Japan South Korea the Philippines Indonesia and other nations that the White House declined to name agreed that the U S could increase its tariffs on their goods without doing the same to American products Trump totally set rates on other countries that lacked settlements The costs of those tariffs taxes paid on imports to the U S will be largest part felt by a multitude of Americans in the form of higher prices but to what extent remains uncertain For the White House and their allies a key part of managing the expectations and politics of the Trump economic activity is maintaining vigilance when it comes to inhabitants perceptions noted Kevin Madden a Republican strategist Just of adults approve of Trump s handling of the market system according to a July poll by The Associated Press-NORC Center for Population Affairs That s down from the end of Trump s first term when half of adults approved of his economic leadership The White House paints a rosier image seeing the economic system emerging from a period of uncertainty after Trump s restructuring and repeating the economic gains seen in his first term before the pandemic struck President Trump is implementing the very same initiative mix of deregulation fairer pact and pro-growth tax cuts at an even bigger scale as these policies take effect the best is yet to come White House spokesman Kush Desai explained New economic reports suggest trouble ahead The economic numbers over the past week show the difficulties that Trump might face if the numbers continue on their current path Friday s jobs record exhibited that U S employers have shed manufacturing jobs since Trump s tariff launch in April undermining prior White House indicates of a factory revival Trump Administration Aug Trump fires labor statistics boss hours after the release of weak jobs account Trump Administration Aug Trump injects new dose of uncertainty as he pushes tariffs back to Aug Trump Administration Aug Dozens of countries with no bargain deals face higher tariffs What to know Net hiring has plummeted over the past three months with job gains of just in July in June and in May a combined jobs lower than previously indicated On average last year the financial sector added jobs a month A Thursday inflation overview demonstrated that prices have risen over the year that ended in June an increase in the personal consumption expenditures price index from in April Prices of heavily imported items such as appliances furniture and toys and games jumped from May to June On Wednesday a summary on gross domestic product the broadest measure of the U S financial sector evidenced that it grew at an annual rate of less than during the first half of the year down sharply from enhancement last year The financial system s just kind of slogging forward commented Guy Berger senior fellow at the Burning Glass Institute which studies employment trends Yes the unemployment rate s not going up but we re adding very scant jobs The financial sector s been growing very slowly It just looks like a meh business sector is continuing Trump s Fed attacks could unleash more inflation Trump has sought to pin the blame for any economic troubles on Federal Reserve Chair Jerome Powell saying the Fed should cut its benchmark interest rates even though doing so could generate more inflation Trump has publicly backed two Fed governors Christoper Waller and Michelle Bowman for voting for rate cuts at Wednesday s meeting But their logic is not what the president wants to hear They were worried in part about a slowing job field But this is a major economic gamble being undertaken by Trump and those pushing for lower rates under the belief that mortgages will also become more affordable as a consequence and boost homebuying activity His tariff guidelines has changed repeatedly over the last six months with the latest import tax numbers serving as a substitute for what the president released in April which provoked a stock territory sell-off It might not be a simple one-time adjustment as particular Fed board members and Trump administration officers argue Trump didn t listen to the warnings on universal tariffs Of curriculum Trump can t say no one warned him about the realizable consequences of his economic policies Biden then the outgoing president did just that in a speech last December at the Brookings Institution saying the cost of the tariffs would eventually hit American workers and businesses He seems determined to impose steep universal tariffs on all imported goods brought into this country on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the American consumer Biden mentioned I believe this approach is a major mistake