desk
Share
News Topical, Digital Desk : US President Donald Trump on Wednesday announced a 25 percent tariff on India. He said that these tariffs will be implemented from August 1. However, now it has been postponed for 7 days. Not only this, the US President taunted India and called its economy dead.
The US President may have made such a statement to grab headlines, but his statement does not match the reality at all. The Indian economy is one of the fastest growing economies in the world. On the contrary, the condition of the US economy is not very good at this time.
Since Donald Trump became president, America has seen disappointing economic data. The weak economic data of recent times has shown a worrying situation about the effects of Trump's policies. This report shows that America is currently facing problems like reduced job growth, rising inflation and slower economic growth than last year.
How much did the US economy improve after Donald Trump became president
US President Donald Trump made many claims about the US economy just after becoming president. However, now after 7 months, his claims seem to be failing. It is believed that the effects of the US President's policies are now becoming unclear.
Job growth in America is declining. Inflation is rising. The growth rate has slowed down compared to last year. It is being said that such problems are being seen in America due to Trump's continuous new decisions.
What does Donald Trump want to take credit for?
Let us tell you that after more than 6 months of his tenure, the tariffs imposed by US President Trump on various countries and the new laws made by him have changed America's trade, manufacturing and systems according to his liking. It is believed that Trump is very desperate for a possible victory. Not only this, he is looking for someone else to blame for the deteriorating financial situation in America.
The head of the agency that gave the report was punished
Let us tell you that after the employment report came out on Friday, many types of discussions started in America. This report turned out to be quite disappointing. After this, Donald Trump ignored the warnings given in these figures. Not only this, he sacked the head of the agency that prepares monthly employment figures.
What do America's economic data say?
Recently, an economic data has come out regarding jobs in America. It was told that 37,000 manufacturing jobs were lost since the start of tariffs in April. Not only this, only 73,000 jobs were added in the month of July, 14,000 in June and 19,000 in May, which is much less than last year's average of 168,000.
Trump also attacked the Federal Reserve
It is worth noting that US President Donald Trump has directly blamed Federal Reserve Chairman Jerome Powell for the economic problems. He demanded interest rate cuts. This can again lead to inflation. This is a risky policy. This is being said because tariffs have already increased prices.
The former president had already given a warning
It is noteworthy that former US President Joe Biden had earlier said in December that the burden of tariffs would fall on American consumers. He had said that Donald Trump's policies can either bring development or destruction.
--Advertisement--
