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Economists braced for the worst when President Trump announced his tariff plan in April, yet the U.S. economy remained resilient. Inflation has defied the worst of expectations so far, but weakness in the July jobs report showed a weaker labor market and slower GDP growth in the first half of 2025 have raised red flags.
WSJ explains why the economy’s strength could be tested in the coming months.
Chapters:
0:00 Trump’s economy
0:36 Tariffs
1:37 Inflation
2:35 GDP
3:21 Jobs
4:22 What’s next?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
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2025/08/07
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