Donald Trump is ending July with a flurry of new tariff announcements that will continue to drive up prices and squeeze the middle class with his disastrous economic policies. Yet as TACO Trump chickens out again with another “90-day” tariff pause, the tariffs already in place are roiling the U.S. economy and causing inflation to spike. Worse still, new reports show that job cuts have spiked under Trump, reaching 2024’s end-of-year levels just halfway through 2025. While the vast majority of Americans continue to disapprove of Trump’s tariff policies, cost of living crisis, and inflation, Trump continues prioritizing political theater and his billionaire friends over the economic security of working families. Read more about Trump’s disastrous tariffs here:
HEADLINES
- Forbes: 2025 Job Cuts Have Already Surpassed All Of 2024—DOGE, AI and Tariffs Are Biggest Causes
- Marketwatch: Inflation Posts Biggest Rise In Four Months, PCE Shows. Tariffs May Be Filtering Into Prices
- Axios: Price Increases Arrive From P&G, Adidas, Others As Tariffs Hit Home
- Bloomberg: Ford Warns of Falling Profit With $2 Billion Hit From Tariffs
- Honolulu Star-Advertiser: Coffee Prices Rise As U.S. Imposes Tariffs On Top Exporter Brazil
- Wall Street Journal: Trump Just Crashed the Copper Market
- Reuters: Trump Gets Tariffs; Americans Get Price Hikes
- Associated Press: Trump’s Tariffs Could Squeeze US Factories And Boost Costs By Up To 4.5%, A New Analysis Finds
- Axios: Drug Prices Likely To Rise With Tariffs On EU
- CBS: Tariffs Likely To Drive Up U.S. Prices Even With Trump Trade Deals, Experts Say
- Reuters: Procter & Gamble Hikes US Prices Amid Tariff Challenges, CEO Change