Donald Trump’s economy just had one of its worst days, rivaling when Trump tanked the markets back in April with his disastrous “Liberation Day.” Trump’s economy is a catastrophe for working families — prices are rising, job growth is hitting record lows, and Trump is hell-bent on dragging the country into a chaotic global trade war with zero plan to shield Americans from the spike in prices it is causing. There’s no denying it — Trump’s economy is a total trainwreck — and Americans are paying the price. 

Here’s how Donald Trump’s reckless agenda is tanking the economy: 

Print: 

Wall Street Journal: Dow on Track for Worst Week Since Trump Unveiled Tariffs in April 

NPR: The job market is showing signs of weakness as Trump’s tariffs take effect

CNN: Dow sinks 550 points as markets grapple with Trump’s tariffs

Bloomberg: Trash Haulers to Carmakers Are Feeling the Pain of Trump’s Tariffs

Reuters: US construction spending extends decline in June 

Yahoo Finance: Stock market today: Dow drops 600 points, S&P 500, Nasdaq sink after weak jobs report, Trump’s tariff redux

Barron’s: Dow Drops After Weak Jobs Report, Trump Tariffs  

Airwaves: 

Labor Secretary Lori Chavez-DeRemer: “[W]e could’ve seen better jobs numbers” 

Senator John Kennedy: “It was not a good jobs number. It wasn’t. There’s — The job market is softening, our business people are creating fewer jobs.” 

Matt Egan on CNN: “We came into this week and we said it was a pivotal week for the economy. And I gotta say — indicator after indicator has turned out worse than expected. Core GDP really showed that the US economy slowed down during Q2. Yesterday’s inflation report — that heated up.” 

Chair of the Council of Economic Advisers Stephen Miran: [In response to small business suffering] “It’s always convenient to blame political changes when your business fails”  

Joanie Bily, Dress for Success Worldwide CEO: “This was a very weak report. The revisions certainly to May and June are very concerning. I’m surprised that unemployment is just at 4.2% … we do see a softening jobs market … I’m concerned about the labor market.” 

Social: 

NewsWire: 

Senator Chuck Schumer: The chickens are coming home to roost for Trump, and American families are paying the price.

His reckless and chaotic tariffs and his drastic cuts are catching up with the economy which means fewer jobs and more people out of work.

Trump must end his trade war and reverse his horrible cuts now.

Senator Chris Murphy: Unsurprising bad jobs report. Just 73,000 added in July, and most of those were health care. 

Even worse, May and June jobs numbers revised down by 258,000. Awful.

Companies don’t want to create jobs in Trump’s chaos economy with weakening rule of law and rampant corruption.

Governor Kathy Hochul: July’s jobs report tanked, with unemployment up to 4.2%. The worst slowdown since 2020.

Recklessness. Uncertainty. Chaos.

That’s Trump’s economy.

Former Secretary of Transportation Pete Buttigeig: Today’s jobs report shows 24,000 factory jobs lost in the past three months.

Trump’s first term brought a manufacturing recession. Now his reckless tariffs are making Americans worse off, again.

Joe Weisenthal, Bloomberg: Markets red around the world. First time in awhile tariff headlines seem to have mattered

Former Deputy Director of the White House National Economic Council Bharat Ramamurti: Trump inherited an economy growing at 3% with strong job growth and steadily declining inflation. 

With his agenda in place, the economy is now growing at close to 1% with weak job growth and reaccelerating inflation.

Heather Long, Washington Post: This labor market is in trouble.

Healthcare are social assistance are pretty much the only sectors hiring. This is NOT healthy.

Joseph Brusuelas, Chief Economists at RSM US: This is the worst major economic report in the post-pandemic era 

Mike Konczal, Economic Security Project: This is a bad jobs report. 73,000 jobs would have been worrisome to begin with, but deeply negative revisions to the previous two-months wiped out much of the recent gains. 2025 looks a lot worse the further we get into it.