Experts criticize Trump's tariffs as job losses and deficits hit records

One year after President Trump implemented tariffs on April 2, 2025, experts criticized the policy as ineffective. Analysts reported a loss of 403,000 jobs from payrolls and a decline in consumer confidence, with the current manufacturing sector showcasing the lowest employment ratio since 1939. The U.S. deficit in goods also reached an all-time high in 2025.

Read more on The Guardian Australia – Business →