President Trump fires labor statistics chief after weak jobs report, announces new tariffs

President Trump fired the Bureau of Labor Statistics chief after a disappointing July jobs report, accusing the bureau of manipulating data. Following this, he imposed new tariffs on nearly all countries, effective August 7, which could lead to higher costs for U.S. consumers. Despite warnings from analysts about the negative impact of tariffs, Trump remains confident in the economy's strength and has urged the Federal Reserve to lower interest rates. Senate Minority Leader Chuck Schumer criticized the economic outlook, highlighting increased costs for families due to tariffs.