The Globe and Mail reports in its Saturday edition that President Donald Trump's trade war, aimed at restoring the health of the U.S. economy and bringing manufacturing jobs back home, is failing. The Globe's John Rapley writes that last week's GDP report indicated that growth rebounded from a first quarter decline, but it was primarily due to cyclical trade rebalancing. So far this year, the economy has grown at an annualized rate of just over 1 per cent, significantly down from the 2.8 per cent during the last six months of the Biden administration. The report reveals troubling trends: Consumption growth is slowing, which could lead to minimal U.S. economic expansion through 2025. Investment has declined, challenging Mr. Trump's claims about boosting corporate spending with tariffs and his proposed bill. Additionally, weakened exports indicate that trading partners may seek alternatives due to U.S. barriers. All of this has occurred before Mr. Trump's tariffs take full effect. Research indicates that the share of tariffs absorbed by exporters has fallen to nearly zero. Therefore, when he claims other countries face higher tariffs, he is really saying that Americans will end up paying more than their trading partners.