Economist analyzes fallout of Trump’s sweeping new tariffs and firing of BLS commissioner
Summary
The U.S. announced new high tariffs on imports from about 70 countries, causing a significant drop in stock markets. Additionally, President Trump fired the Bureau of Labor Statistics commissioner after an unfavorable jobs report.Key Facts
- The U.S. plans to add large tariffs on imports from nearly 70 countries next week.
- This announcement led to the biggest drop in the stock market in over a month.
- A recent jobs report showed weaker than expected job numbers.
- President Trump dismissed the commissioner of the Bureau of Labor Statistics.
- Economist Ernie Tedeschi discussed these developments with Ali Rogin.
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