4 • 1K Ratings
🗓️ 1 August 2025
⏱️ 9 minutes
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0:00.0 | Welcome to the NewsHour. Major economic shakeups are underway. President Trump today fired |
0:06.7 | the head of the agency that produces the monthly jobs report, accusing her without evidence |
0:12.0 | of manipulating the numbers that show weaker hiring than previously reported. |
0:16.2 | I believe the numbers were phony just like they were before the election, and there were other times. |
0:22.2 | So you know what I did? I fired her. And you know what? I did the right thing. I put somebody in who's going to be honest. |
0:29.5 | It comes a day after Mr. Trump announced sweeping new tariffs on more than 60 countries. |
0:34.5 | The tariffs, which range from 10 to 41 percent take effect next week. |
0:39.1 | An executive order he signed last night set high reciprocal rates for countries like Syria, |
0:44.5 | Switzerland, and South Africa. It also confirmed lower rates for those that have made deals |
0:49.6 | with the U.S., including South Korea, the EU, Japan, and the United Kingdom. |
1:00.2 | Separately, the president announced he was raising tariffs on Canada, effective today, to 35%. And earlier this week, he slapped Brazil, Latin America's biggest economy, with some of the |
1:05.4 | highest rates in the world, 50%. |
1:08.8 | Last night, we spoke about the tariffs with Jason Furman, the former head of the |
1:12.7 | Council of Economic Advisers under President Obama. Tonight, we get a different view from |
1:17.7 | Oren Cass. He's a founder and chief economist of American Compass and a former senior fellow |
1:23.0 | at the conservative think tank, the Manhattan Institute. Thanks for being with us. |
1:27.6 | No, thanks for having me. |
1:28.9 | I want to start with your reaction to President Trump, |
1:31.4 | moving to fire the Commissioner of the Bureau of Labor Statistics, |
1:35.4 | after today's weak jobs report, |
1:37.4 | accusing her without evidence of manipulating the monthly jobs report |
1:40.9 | for political purposes. |
... |
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