The contents of this article are written with authoritative materials and personal opinions. The source of the literature has been marked at the end of the article, so please know.
The tariff big bangs wavered for so long that Trump suddenly realized that it hurt himself.
China had anticipated it long ago.Trump previously cheerfully announced the increase of tariffs on more than a hundred countries around the world, still thought that he had won, did not think of the good intention and not a day, and then came into trouble, suddenly embarrassed.
China has already said, No one can think about fighting a tariff war. In the end, it must be the United States itself that is unlucky.The current situation shows that the problems in the U.S. economy are accelerating.
Trump's tariff policy, to put it bluntly, is a reckless and rampage.
He announced a significant increase in tariffs on a number of important commodities starting on October 1:Heavy trucks are charged a 25% tariff, kitchen and bathroom cabinets are charged 50%, upholstered furniture is charged 30%, and medicines are even more outrageous, directly increasing to 100%.
The conditions he gave are also quite wonderful, Said these companies must invest and build factories in the United States to be exempt from taxes.
At the same time, the U.S. Department of Commerce also launched a so-called "national security investigation" on medical devices, robots, and industrial machinery, obviously trying to find an excuse to increase taxes.
As a result, Almost all industries in the United States related to manufacturing and people's lives have been involved in this tariff storm。
On the surface, the Trump administration may have collected some tariffs, but compared to the price they paid, it was simply a little witch with the Big Witch.
The Dow Jones, S&P 500 and Nasdaq indexes all fell badly. The U.S. stock market lost more than $1 trillion.
The U.S. dollar index and the bond yield also followed down, and the attitude of the capital markets towards this policy is clear, not looking well.But Trump seemed to have not seen these signals and still kept counting on tariffs to solve the problem.
However, what really scares the American people is not the numbers in the stock market, but their own rice bowls.
According to data from the U.S. Bureau of Labor Statistics, Only 7,3 thousand jobs will be added by July 2025., much less than previously expected.
To make matters worse, work data for May and June have also been significantly revised: In May, the number dropped from 144,000 to 19,000, and in June, it dropped directly from 147,000 to 14,000.
These two months combined resulted in a reduction of 25,000 jobs, a significant adjustment that indicates that the job market is rapidly cooling.
What is even more worrying is that manufacturing jobs are also declining.In August 2025, the U.S. manufacturing sector cut approximately 12,000 jobs, with a cumulative loss of 42,000 since April.
Customs policy makes everyone mindless, enterprises are looking forward, do not dare to increase investment, do not dare to hire more people. for ordinary workers, the risk of losing work suddenly increased, and finding a job became more difficult.
The Trump administration previously shouted to revitalize the manufacturing industry, but is now the culprit of the loss of jobs.
After the employment data was released, Trump jumped with anger. He complained publicly on social media that the Labor Department was "tampering with data" and deliberately smearing the Republican Party and his government.
In a fit of anger, he directly fired the Minister of Labor, wanting to vent his dissatisfaction.But the problem is not in the statistics department at all, but in the customs policy.The enterprises do not have confidence and jobs do not naturally go up.
Trump's practice of "throwing the pot" will only make others doubt his ability more.
The pressure caused by tariffs is not only reflected in employment, but also slowly affects prices.
When the price of imported goods rises, the common people will definitely pay the bill in the end.While it will take some time for inflation to show, the trend is already clear.
Once the new policy of increasing drug tariffs by 100% is fully implemented, it will definitely directly affect the medical expenditure of ordinary American families.
Rising prices for furniture, cabinets, trucks, etc. will also make people's living and logistics costs higher. What everyone feels is that the burden of living has indeed become heavier, not how much government revenue has increased.
The concerns of the business community are also increasing.According to the survey of Richmond Fed, about 20% of enterprises believe that tariffs will affect their hiring plans, and about 25% of enterprises believe that they will affect their investments.That is to say, tariffs not only affect current employment data, but also suppress future economic vitality.
The more enterprises hesitate, the slower the economic development will be, forming a vicious circle. In the long run, the innovation investment and the pace of industrial upgrading in the United States may also be affected, weakening competitiveness.
According to the latest report of the Organization for Economic Co-operation and Development (OECD), The U.S. economic growth rate in 2025 will be around 1.8 percent and will further slow down to 1.5 percent in 2026.
At the same time, the effective tariff rate in the United States has risen to 19.5%, which will push up future inflation, which is expected to reach 3% in 2026.
This means that the pressure on the U.S. economy is not temporary, but long-term.In contrast, some economies in the EU and Asia are likely to remain at a growth rate of more than 2 percent due to relatively stable domestic demand.
If the United States continues to close itself in this way, it will definitely weaken its position in the world economy.
Trump thinks it’s possible to “America’s priority” through tariffs, but in fact his own economy is hit first.
Stock markets have fallen, jobs have been lost, inflation has risen, and if he continues to go alone and not wait for tariff revenue to really come, the U.S. economy may collapse first.
What he called victory was merely an illusion of himself.
References:
1. "Up to 100%! Trump wields tariffs again involving heavy trucks, furniture, and drugs "2025-09-26 08:36| Source: Cailian
2. "The United States lost 13,000 net jobs in June, registering the first negative growth since July 2021" 2025-09-05 22:53| Source: Sina Finance
Foreign Media: U.S. tariff policy is pushing prices up, consumers will face greater financial pressure 2025-09-24 17:03