January 1, Tariffs Drive Mixed Outcomes for American Workers

Wyatt’s Take

• Tariffs are raising big money but causing higher prices.
• Job numbers are up and down, leaving families worried.
• Big companies and workers both feel the pinch from trade fights.

Some of President Trump’s moves, like new tariffs, are bringing in more cash but folks will see higher costs at the store.

The U.S. Chamber of Commerce warns these tariffs could put the brakes on economic growth, even as the White House points to bigger government surpluses and more money from tariffs.

July’s job growth came in at 73,000, missing the 100,000 hoped for.

“The bottom line is that President Trump has produced a huge amount of tariff revenue with the tariffs we’ve seen in the first half of the year,” said economic adviser Kevin Hassett.

June’s numbers were brighter, with 147,000 jobs added and unemployment dropping to 4.1%.

General Motors reports profits are down $1.1 billion because of tariffs, with future costs expected to be between $4 and $5 billion next year.

The Treasury Department says June saw a $27 billion surplus thanks to tariffs, giving the administration a boost in fiscal approval.

Tesla’s stock dropped 8% after CEO Elon Musk announced a new company during a public feud with Trump.

UPS is cutting 20,000 jobs to save money, offering buyouts as parcel delivery changes hit their bottom line.

President Trump also sent tariff letters to seven more countries, repeating, “This Deficit is a major threat to our Economy and, indeed, our National Security!”

The Federal Reserve is facing tough choices, with job growth still strong but inflation a little higher than normal.

President Trump said, “I’d love if he wants to resign,” referring to the Fed chairman, but he won’t fire him.

The GDP grew by 3% last quarter, the best jump since 2024, outpacing most expectations.

The fight over tariffs and trade is hitting both companies and working folks right here at home.

Strong job growth and shifting economic numbers have the experts guessing where the economy will land next for regular families.

What do you think of the economic moves coming out of Washington?

Wyatt Matters

Many hard-working Americans are caught in the middle as leaders make choices that impact Main Street. The real test is whether policies help ordinary people keep food on the table and gas in the tank.

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