US Job Growth Slows Amid Trump Tariff Impact

The U.S. job market is showing significant signs of strain as President Donald Trump's aggressive trade policies and tariffs take their toll. In July, only 73,000 jobs were added, well below expectations, and previous months were revised down by 258,000 jobs, with the unemployment rate rising to 4.2%. Economists warn that the tariffs and trade war, along with restrictive immigration policies, are causing a notable deterioration in labor market conditions and increasing economic uncertainty. Major sectors like manufacturing and federal employment have seen job losses, while healthcare accounted for most of the modest job growth. The stock market reacted negatively, reflecting concerns over the economic outlook and increasing expectations for Federal Reserve interest rate cuts. Despite the White House framing these figures as signs of resilience, experts view them as warning signs of a potential harder landing for the U.S. economy.