Trump Fires BLS Commissioner Amid Jobs Report Controversy
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Donald Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer after a weaker-than-expected jobs report, claiming the data was rigged. His economic advisor, Kevin Hassett, defended the firing, citing data revisions. However, former BLS Commissioner William Beach and former Treasury Secretary Larry Summers criticized Trump's actions, with Summers calling the claims "preposterous." Meanwhile, new tariffs are set to take effect, impacting trade deals with various countries including the EU, Japan, South Korea, Brazil, Myanmar, and Switzerland. Concerns remain about the impact on the US economy and potential trade war with China.
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