Apple(US:AAPL) Yang Shi Xin Wen·2025-08-03 23:41Core Insights - The negative impacts of the tariff policies implemented by the Trump administration are becoming increasingly evident, with multiple signs of economic weakness emerging in the U.S. economy, including a cooling labor market and weak consumer demand [1][2] Economic Data Summary - The U.S. labor market has shown clear signs of cooling, with the unemployment rate rising by 0.1 percentage points to 4.2% in July, and non-farm payrolls adding only 73,000 jobs, which is below market expectations [1] - Revisions to previous months' job growth show a significant downward adjustment, with May and June's non-farm payrolls revised down by a total of 258,000 jobs [1] - The hiring rate has dropped to its lowest point in seven months, and the worker turnover rate has decreased to 2%, indicating a sustained weakening of labor market vitality [1] Economic Expert Opinions - Economists suggest that the negative effects of the tariff policies are accelerating, with rising inflation pressures and policy uncertainty impacting economic activity [2] - The tariffs are suppressing consumer spending and causing businesses to adopt a wait-and-see approach, which is dragging down economic activity [2] - Consumers have not fully absorbed the impact of tariffs on their income and purchasing power, leading to a decline in spending momentum, particularly in non-essential categories like furniture [2] Company Impact - Companies such as Whirlpool and Procter & Gamble are directly affected by the tariffs, with Apple CEO Tim Cook warning of an $1.1 billion loss in the current quarter due to tariffs [2] - The economic challenges are evident as the U.S. economy faces significant hurdles at the start of the second half of the year, compounded by escalating trade tensions and tariffs imposed on various trading partners [2]