University of Kwazulu-Natal

Trump S Self Inflicted Economic Wounds Time

Bonisiwe Shabane
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trump s self inflicted economic wounds time

It’s now unmistakably President Donald Trump’s economy, and after new tariff hikes on Thursday the economic data began to tell a worrisome story about job growth is slowing and inflationary pressures bubbling up. (AP Video by Nathan Ellgren) President Donald Trump disembarks Air Force One at Lehigh Valley International Airport, Friday, Aug. 1, 2025, in Allentown, Pa. (AP Photo/Julia Demaree Nikhinson) Former President Joe Biden speaks during the National Bar Association’s 100th Annual Awards Gala in Chicago, Thursday, July 31, 2025.

(AP Photo/Nam Y. Huh) WASHINGTON (AP) — For all of President Donald 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... Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news... He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339. Barely two weeks into Donald Trump’s second term, of one thing one can be certain about US trade policy.

It is being made by Mr. Trump on the fly without consistency as to its objectives or coherence as to its execution. This does not bode well for the US and world economies, which do not function well in economic policy uncertainty. It also does not bode well for America’s reputation as a country that can be trusted to stick to its agreements. Start with Mr. Trump’s trade policy objectives.

On the campaign trail he argued that tariffs would be used to reduce the trade deficit, to increase tax receipts, and to level the trade playing field. Yet once in office, it appears that a principal objective of trade policy is to stop the flow of illegal immigrants and fentanyl from Canada and Mexico into the United States. Mr. Trump also appears to want to use tariff policy as a negotiating lever to get countries like Colombia and Venezuela to accept the return of deported immigrants to their countries or to get a... At a very basic level, while Donald Trump keeps stressing that we must get rid of our trade deficit, he proposes a budget policy that would do precisely the opposite. At the same time that he is championing increased tariffs and the creation of an External Revenue Service, he is proposing radical tax cuts that according to the Committee for a Responsible Budget would...

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(AP Photo/Nam Y. Huh) WASHINGTON (AP) — For all of President Donald 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... Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year.

Ernest Hoffman Is A Crypto And Market Reporter For Kitco

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced econo...

It Is Being Made By Mr. Trump On The Fly

It is being made by Mr. Trump on the fly without consistency as to its objectives or coherence as to its execution. This does not bode well for the US and world economies, which do not function well in economic policy uncertainty. It also does not bode well for America’s reputation as a country that can be trusted to stick to its agreements. Start with Mr. Trump’s trade policy objectives.

On The Campaign Trail He Argued That Tariffs Would Be

On the campaign trail he argued that tariffs would be used to reduce the trade deficit, to increase tax receipts, and to level the trade playing field. Yet once in office, it appears that a principal objective of trade policy is to stop the flow of illegal immigrants and fentanyl from Canada and Mexico into the United States. Mr. Trump also appears to want to use tariff policy as a negotiating lev...