Trump fire tariffs on economic data due to market reduction

US President Donald Trump fired one of the most important economic institutions in the United States a few hours after a weaker job data on his tariff policy.

In social media, Trump insisted that Erika Mcentarfer, a member of the Labor Statistics Bureau (BLS), “manipulated” jobs to create a Republican circle.

The unprecedented movement of the White House caused Trump’s politicization of economic data.

Chuck Schumer, the leading Democratic Party of the Senate, said the president was “shooting a messenger” and “bad leader” for weak statistics.

It was a US stock market After the Republican Trump sweared on Friday, he was ahead of the plan to raise the import tariffs on products in the world.

The BLS showed that US employers added 73,000 jobs in July, which was much lower than 109,000 new roles.

The agency also reduced employment growth in May and June, and 250,000 jobs were less than previously thought. Since 1979, it has been the biggest downward revision in the employment level, except for the Cobid era.

But as more data is revealed, it is not uncommon for BLS to modify the work value. During the presidency of Joe Biden, 12 months of statistics for 12 months were modified as retroactive as 818,000 jobs.

The change of this month was much bigger than usual, but analysts said that updates match other data that showed a slowdate.

The president posted on the truth on Friday as follows:

But Heather Long, the chief economist at the Navy Federal Credit Union, added that the labor market is “the labor market is getting worse.”

The president dismissed concerns about his tariff plan, saying that it will increase manufacturing in the United States and reinforce global trade.

However, this week’s data and tariff costs make this prediction more difficult to ignore.

Former US Treasury Secretary Larry Summers said:

The friends of BLS, a member of the two members of the agency, said:

Mcentarfer described the agency’s work as “life and important” and called “the honor of my life” as “honor of my life.”

The US stock market index has dropped sharply on Friday.

Trump has attacked Jerome Powell, chairman of the US Federal Reserve Bank.

Trump is calling for cuts, but the Fed is causing a fire until the tariffs on the US economy are completely affected.

In the aftermath of the JOBS report, Trump started more Salvo in PoWell and stated that it should be put in “pasture”.

Adriana Kugler, a member of the Fed’s Interest Setting Committee, resigns early to give Trump a chance to install new people. Her term was scheduled to end in January next year.

The Labor Officer, who supervises the BLS, wrote on social media that the deputy director of the institution, William Wiatrowski, will play a role while looking for a substitute.

The Ministry of Labor did not immediately respond to the request.

Some analysts speculate that job data can reflect the popularity of small businesses, which is generally slow to respond to surveys and especially vulnerable to tariffs.

Mcentarfer worked in the government for more than 20 years before Biden was nominated by Biden in 2023. She later confirmed unanimously by the US Senator, including JD Vance, Senator Ohio.

Michael Raint, head of the Economic Policy Research Institute of the American Enterprise Institute, said that she performed her as “great integrity.”

“Detectors are essential to understand that government statistics are not prejudice and the highest quality. There is no doubt. The president is damaged by the United States,” he wrote in social media.

Jed Kolko, a senior researcher at the Peterson Institute for International Economics, said a serious alarm occurred.

“For six months, I said that the threat to economic data suffered more incidental damage than the intentional damage. Five more intentional damage to the integrity of US economic data and the integrity of the entire statistics system,” he wrote to social media.

Trump defended this decision and said that her departure is needed to see if there are people that we are trusted.

“Why should I trust numbers?” The president told reporters when he left the White House on Friday.

“I know what the numbers are fake and have different time as before the election, so I know what I did? I fired her and do you know what I did?”

Trump remakes the trade policy and is hit by a new tariff between 10% to 50% of products from countries around the world, leading to a fight against battle.

When Trump presented a similar plan in April, US stocks fell more than 10% a week.

The stock market was restored after some of the most bold measures were stopped, and they were less punished and left 10%more. In recent weeks, the US index has a record high.

The latest action is less extreme than Trump’s first launch in April, but the average tariff rate will be raised from less than 2.5% to about 17% at the beginning of the year.

Michael Gayed, a portfolio administrator of the free market ETF, told the BBC’s Opening Bell, “Trump was bold because Trump came back by the fact that the market was right.” “Now he will try to be good again.”