Summary
On August 1, 2025, President Trump announced new tariff rates and a delay in their implementation, pushing them back by at least a week for most countries. New data from the Labor Department showed a significant slowdown in job growth after earlier tariffs were applied. After this data was released, Trump fired the leader of the agency responsible for the report.
Key Facts
- President Trump announced new tariff rates and a delay in their start date.
- Most countries will not experience the new tariff rates until at least a week after August 1, 2025.
- Job growth in the U.S. slowed down significantly in the spring, according to the Labor Department.
- The slowdown in job growth followed the introduction of previous worldwide tariffs.
- Following the release of the job growth report, Trump fired the head of the agency that provided the data.
- This announcement was discussed by NPR's Danielle Kurtzleben and Scott Horsley regarding its impact.
