Trump credits tariffs for monthly jobs growth, smaller year-over-year trade deficit
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President Donald Trump credited his tariffs for monthly jobs growth and a smaller year-over-year trade deficit. The administration announced 178,000 new jobs and a 55% decrease in the trade deficit, but experts are skeptical about the benefits of the tariffs.
President Donald Trump credited his tariffs for monthly jobs growth and a smaller year-over-year trade deficit. The administration announced 178,000 new jobs and a 55% decrease in the trade deficit. Employment grew partially due to the end of a strike of tens of thousands of healthcare workers. The manufacturing and construction industries saw modest gains. The trade deficit was half as large as it was last year, but expanded five percent from January. The economy has been resilient, but challenges have grown uncertainty among Americans.
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