Trump credits tariffs for monthly jobs growth, smaller year-over-year trade deficit
Published on April 6, 2026.
President Donald Trump has attributed his tariffs to monthly job growth and a smaller year-over-year trade deficit. The administration announced that there were 178,000 more jobs in February and the trade deficit shrunk by around 55% over the previous 12 months. However, Allison Smith, associate director of geoeconomics at the Council on Foreign Relations, has expressed skepticism about the administration's ability to deliver on its promises. The economy has been resilient during Trump's second term, but challenges such as rising oil prices and a war with Iran have raised concerns about inflation.
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