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2025-08-02 11:08:08
[Yuyuan Tantian: The Boomerang Effect of US Tariffs Begins to Emerge] On August 1st, local time, the US stock market closed lower, wiping out over $1 trillion in market value. This was related to the latest US tariff announcement, demonstrating the impacts of US tariff policies are reverberating one after another. Boomerang One: On August 1st, local time, US President Trump announced that he would fire Erica McEnthaler, Director of the US Bureau of Labor Statistics. This was due to data released by the US Department of Labor showing a slight increase in the US unemployment rate in July, along with a significant downward revision to job growth figures for May and June. This was the first major economic indicator to signal that the US economy was in danger. Boomerang Two: On the afternoon of August 1st, local time, Federal Reserve Board Governor Adriana Kugler unexpectedly announced her resignation, which some analysts believe may be related to the disappointing employment data. Boomerang Three: The Yale Budget Lab stated that the US government's newly announced tariffs are the highest in nearly a century, and the average American household will lose approximately $2,400 this year. Combined with US employment data released on Friday, this is the latest sign that American families will face even more difficult economic conditions in the coming months.
