On August 1 local time, the US Department of Labor released the employment data for July. The non-farm sector added only 73,000 new jobs that month, far below the market expectation of 110,000, and the unemployment rate rose to 4.2%.
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On July 31st local time, the White House announced that US President Trump has signed an executive order to increase the tariff rate on Canada from 25% to 35%, with the new tariffs taking effect on August 1st.
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In July local time, a series of tariff policy moves by U.S. President Trump attracted global attention.
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The Federal Reserve's July interest rate meeting was held, and the signal of a rate cut in September became the focus.
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On August 1st, the United States officially implemented a policy of imposing a 25% tariff on Japanese and South Korean goods imported to the United States.
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On July 22 local time, Indonesia and the United States reached a major trade agreement, which has drawn widespread attention from the international community.
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Trump's tariff policy has always been an issue that cannot be ignored in the US economy, not only causing widespread controversy during his tenure, but also continuing to have a profound impact on the US economy even after he leaves office.
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Due to the expectation that the US economic data would be strong or that the Federal Reserve would postpone the interest rate cut, the US dollar index soared.
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In its latest World Economic Outlook update, released on July 29th, the International Monetary Fund (IMF) raised its 2025 global economic growth forecast to 3% from 2.8% in April, and slightly adjusted its 2026 forecast to 3.1% from 3%.
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The updated content of the World Economic Outlook Report released by the International Monetary Fund (IMF) on July 29 is like a stone thrown into a calm lake, causing ripples in the global economic sphere.
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On August 29, 2025, the United States Court of Appeals for the Federal Circuit ruled by a 7-4 vote that most of the global tariff policies implemented by the Trump administration were illegal, determining that they exceeded the president's legal authority.
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