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August 29, 2025

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US economy

White House officials rush to defend Trump after shaky economic week

US trade representative says ‘the president is the president’ after firing of labor statistics chief amid slow job growthDonald Trump administration officials fanned out on Sunday’s US political shows to defend the president’s policies after a bruising…

August 3, 2025
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Good, mad and ugly: the US economy’s performance under Trump – in charts

Despite president’s claims of an economic boom, picture is chaotic – healthy GDP growth but weak jobs figuresAccording to Donald Trump’s White House, the US economy is booming, inflation is dead and jobs are surging. A blizzard of economic reports has …

August 2, 2025
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Trump fires labor statistics chief hours after data showed jobs growth slowed

US president accused of ‘firing the messenger’ as he makes claims without evidence about Erika McEntarferUS politics live – latest updatesDonald Trump fired the federal government official in charge of labor statistics, hours after data revealed jobs g…

August 1, 2025
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Trump steps up attacks on Fed’s independence amid interest rates row

US president called on top Fed officials to seize control from chair Jerome Powell if he fails to cut interest ratesDonald Trump called on top Federal Reserve officials to seize control from its chair, Jerome Powell, if he fails to cut interest rates, …

August 1, 2025
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US adds just 73,000 jobs in July amid pressure from trade war and ‘increasing signs of fragility’ in labor market

July jobs growth slowed amid rising signs that Trump’s tariffs are weighing on trade, prices and hiringUS politics live – latest updatesThe US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns with Donald Trump’s escalat…

August 1, 2025
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Trump to blame for high cost of living, Americans say in new poll

Six out of 10 Americans fault president for financial struggles and eight out of 10 worry about tariffs’ impactAmericans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corpora…

August 1, 2025
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Divided Fed leaves interest rates unchanged despite Trump pressure

Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarterThe US Federal Reserve left its benchmark interest rate unchanged on Wednesday, even amid intense pressure from Donald Trump to lower rates.Des…

July 30, 2025
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US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade termsUS and Chinese negotiators have agreed in principle to push back the deadline for escalating tariffs, although America’s …

July 29, 2025
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Trump’s tariffs could squeeze US factories and boost costs by up to 4.5%, new analysis finds

A new analysis suggests Donald Trump’s tariffs could increase factory costs by 2% to 4.5%As Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depen…

July 29, 2025
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US workers say Trump’s immigration crackdown is causing labor shortages: ‘A strain on everybody’

As Trump moves to strip over 1 million immigrants of legal status, factories grapple with slowdowns, say employeesDonald Trump’s crackdown on immigration is piling pressure on US factories, according to employees and union leaders, as veteran workers f…

July 29, 2025
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