Trump is ‘killing jobs and jacking up prices’, Democrats say, as global markets fall over tariff turmoil – US politics live

The US stock market experienced a significant downturn, with major indices falling sharply following the announcement of new tariffs and a disappointing July jobs report. The economy added only 73,000 jobs, adding to existing economic pressure from President Trump's ongoing trade war. This includes increased tariffs on Canadian goods, contributing to investor anxiety. The Senate minority leader commented that these events signify consequences for Trump's policies.