What happened

President Trump doubled down on his use of tariffs as an economic and foreign policy tool this week, even as a slew of new data indicated that his global trade war is taking a toll on U.S. businesses and households. A day after Trump signed an executive order last week imposing import taxes of up to 41% on dozens of trade partners, the Bureau of Labor Statistics issued a sobering jobs report that showed the country added 73,000 jobs in July, far short of the 104,000 economists expected. Initial jobs estimates for May and June were also revised sharply downward, leaving total hiring for the second quarter at 106,000—the worst non-pandemic quarter for job growth since 2010. Trump responded by firing BLS Commissioner Erika McEntarfer, claiming without evidence that the career b

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