President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland.

President Trump’s tariff onslaught left a lot of losers, from small, poor countries such as Laos and Algeria to wealthy U.S. trading partners such as Canada and Switzerland. But there were no real winners -- including the U.

The latest jobs data today painted a picture of a much softer labor market all summer than was previously known, raising fresh fears about the health of the U.S. economy and — in combination with President Donald Trump’s new tariffs — sending markets lower.