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It’s Trump’s Economy Now

August 3, 2025 · 11:42 am ET · Leave a Comment

“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 coming into focus,” the AP reports.

“Job gains are dwindling. Inflation is ticking upward. Growth 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, energy 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 economy hangs on his every word and social media post.”

Economy

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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