Trump's Tariffs: Boon or Bust? 📈

Author

Ryan Serkes
August 08, 2025

Hi everyone, here is your 📈 Daily Trade.

Here's what's happening today:

🏦 Trump nominates Stephen Miran to Federal Reserve
📊 Bostic cautious on labor market and interest rates
🔍 Trump's tariffs start amid economic concerns
📉 Jobless claims rise slightly, remain healthy
⚖️ Trump's trade war faces challenges despite initial wins
🎁 +8 other news you might like

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🏦 Trump Nominates Stephen Miran to Federal Reserve Board Link
  • President Trump nominates Stephen Miran to the Federal Reserve Board, aiming to fill a temporary vacancy.
  • Miran's nomination raises concerns about political influence over the traditionally independent central bank.
  • If confirmed, Miran is expected to support lower interest rates, aligning with Trump's economic policies.
📊 Bostic Warns of Labor Market Risks Amid Inflation Concerns Link
  • Atlanta Fed President Raphael Bostic highlights rising risks in the labor market but remains cautious about interest rate cuts.
  • Bostic emphasizes the need for more data before the Fed's September meeting to assess inflation and employment risks.
  • The Fed is expected to make a modest rate cut, but uncertainties around tariffs and inflation persist.
🔍 Trump's Tariffs Begin as Economic Strains Emerge Link
  • President Trump enacts broad tariffs on imports from over 60 countries, aiming to boost U.S. economy.
  • The tariffs coincide with signs of economic strain, including stalled hiring and rising inflation pressures.
  • Global reactions vary, with some countries expressing concern over the impact on their economies.
📉 Jobless Claims Rise Slightly, Indicating Economic Resilience Link
  • U.S. jobless claims rose modestly last week, remaining within a healthy range.
  • The slight increase follows a grim July jobs report, raising concerns about labor market softness.
  • Economists worry about the impact of Trump's tariffs on employment and inflation.
⚖ Trump's Trade War Faces Challenges Despite Initial Success Link
  • President Trump appears to be winning the trade war, imposing high tariffs and reducing the trade deficit.
  • Significant hurdles remain, including potential inflation, growth impacts, and legal challenges to tariffs.
  • Experts debate the long-term economic effects of Trump's aggressive tariff strategy.

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Other news & articles you might like

  • 🔄 Captivision shifts to asset-light strategy (Link)
  • 🔌 Indiana boosts EV charging infrastructure (Link)
  • 👩‍💼 Tyson Foods adds Microsoft exec to board (Link)
  • 📉 Martin Marietta's earnings beat, revenues miss (Link)
  • 🌿 White hydrogen emerges as clean energy option (Link)
  • 📜 Florida ends statewide business rent tax (Link)
  • 🤝 MMI aids Colorado workers in coal transition (Link)
  • ⚖️ ESPN-NFL deal may face regulatory hurdles (Link)

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