Trump Under Fire as August Job Report Disappoints, Tariff Legal Battle Escalates to Supreme Court
Trump Under Fire as August Job Report Disappoints, Tariff Legal Battle Escalates to Supreme Court
The Wall Street Journal’s editorial board has sharply criticized President Donald Trump following a dismal August jobs report, attributing the economic slowdown directly to his administration’s tariff policies. The conservative paper, owned by Rupert Murdoch, highlighted a significant loss of 12,000 manufacturing jobs last month, contributing to a total of 38,000 jobs shed in the sector so far this year.
The Journal’s editorial emphasized, “Tariffs are taxes, and taxes hurt economic growth,” urging a revival of business confidence. While some job gains were seen in government-reliant sectors like social assistance and healthcare, overall economic growth has stalled. Data indicates an average of only 27,000 new jobs per month since Trump’s “liberation day” tariffs were implemented on April 2, a stark contrast to the 167,000 monthly average under former President Joe Biden last year.
President Trump has blamed the Federal Reserve for not lowering interest rates and has even replaced the Bureau of Labor Statistics commissioner. Despite this, the jobs market continues to struggle. Compounding his economic challenges, a federal appeals court recently ruled Trump’s import duties, imposed under the International Emergency Powers Act, were unlawful. In response, Trump has fast-tracked an appeal to the Supreme Court this week, seeking a ruling on the constitutionality of his tariffs – a decision the Journal suggests could be the economy’s best hope.
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