Trump fires BLS head as tariffs cause stock market drop

US President Donald Trump said he will shoot at the agency’s head of the agency accused of publishing some of the most viewed economic data in America, after the report of the most expected jobs expected to make more warning about his definition policies.

In a post on social media, Trump – without evidence – accused the Commissioner, Erika Minarfar, of manipulating jobs for political reasons.

The decision was shocked by Wall Street and sparked a warning about the White House’s interference in economic data at a time when many predictors expect to harm the economy.

This came when global stock markets shook, after Trump moved forward with plans to sharply raise the tariffs on goods all over the world.

In the United States, the three main indicators decreased, with S&P closed by 1.6 %, after previous sales in Europe and Asia.

Ryan Sweet, the chief American economist in Oxford Economic, said that the decision to launch the Bls Statistics Commissioner (BLS) was related to, noting that high -quality economic data is necessary for companies and is not easily repeated with private sources.

“It is clear that this is a step in a very bad direction,” he said. “If there are any questions about data safety … it will create a lot of problems.”

Trump rejected concerns about his introductory plans, which he says will increase manufacturing in the United States and balance world trade.

But the new data this week and a series of updates from companies on tariff costs made these expectations more difficult to ignore them.

On Friday, the Labor Statistics Office reported that employers in the United States added only 73,000 jobs in July. Also, job growth estimates were dramatically in May and June, as they reported 250,000 jobs created more than he previously thought.

Trump was martyred with reviews as he announced his decision to shoot Mrs. McNTarfer.

“We need accurate job numbers. I directed my team to launch this political appointment, Biden, immediately,” he wrote on social media.

The head of the Labor Department, who supervises BLS, wrote on social media that agency deputy delegate William Wittski will play a role while searching for an alternative.

The Ministry of Labor did not immediately respond to a request for comment. BLS reviews job numbers every month with new data appearing, usually adds or launch ten thousand positions.

Although this month’s changes were much larger than usual, analysts said the updates were consistent with other slowdown data.

Some speculated that they could reflect great success for small companies, which are usually slower to respond to surveys and are especially vulnerable to definitions.

“The reviews are normal,” said Mr. Sweet. “They are trying to get this correctly.”

Mrs. McNTarfer worked in the government for more than 20 years before she was nominated to lead the BLS in 2023. She was later confirmed near the US Senate.

Michael Street, Director of Economic Policy Studies at the Institute of American Institutions with right -wing tendencies, defended Mrs. Eneriser, saying that she conducted herself “with great integrity.”

“It is necessary for decision makers to understand that government statistics are not biased and higher. By doubting this, the president harms the United States,” he wrote on social media.

Gaid Kolco, an older colleague at the Peterson International Economy Institute, said the shooting sparked a serious warning. This comes after the government expanded the scope of collection of economic data, including inflation information, amid government spending discounts.

He wrote on social media: “For six months, I said that the threats of economic data were more side effects of deliberate damage. It is no longer. The launch of the BLS head is intended for five damages to the integrity of American economic data and the entire statistical system.”

Trump defended the decision and said that her departure is necessary to ensure that there are “people we can trust” in these jobs.

“Why should anyone trust in numbers?” The president told reporters upon leaving the White House on Friday. “I think the numbers were false, just as they were before the elections, and there were other times – until you know what you did? I launched it, and you know what you did? The right thing.”

The battle is about data as Trump reshapes the commercial policy, as it hit goods from countries around the world with a new tariff ranging from 10 % to 50 %.

When Trump laid similar plans in April, the shares in the United States fell more than 10 % a week, fears that spread to the dollar and bond markets.

The stock market recovered after some of the most severe measures were suspended, leaving in a 10 % less consecutive place. In recent weeks, indexes in the United States have been circulating about high levels at all.

The latest measures are less extreme than Trump for the first time in April, but they will remain pushing the average tariff rate to approximately 17 %, an increase of less than 2.5 % at the beginning of the year.

“The truth is that Trump originated from the fact that the markets have returned directly,” Michael Jider, a wallet manager at The Free Markets ETF. “Now he will try his luck again.”

The stocks opened in the United States less in the morning, with the acceleration of losses over the afternoon. The S&P 500 closed a decrease of 1.6 %, while Dow decreased by 1.2 % and the Nasdaq Stock Exchange decreased by 2.2 %.

France’s Cac closed 40 %, while German DAX decreased by 2.6 %. In the United Kingdom, FTSE decreased by 0.7 %.

Earlier, the pioneering index in South Korea decreased by 3.8 %, the Hang Singh Index in Hong Kong decreased by 1 % and Nikki in Japan decreased by 0.6 %.

In the aftermath of the job report, Trump also launched the Federal Reserve Chairman, another Jerome Powell attack, who says he is moving very slowly to reduce borrowing costs.

Powell leads the 12 -person committee that determines the interest rate policy in the central bank, which affects interest rates on loans throughout the economy.

On Friday, one of the members of the voting in that committee, Adriana Kojler, who was scheduled to end in January, said she would resign, giving Trump an opportunity to install a new person.