According to Sina Finance, on August 1 local time, the US stock market closed down, with a market capitalization evaporating by over $1 trillion. This is related to the latest tariff announcement from the US, indicating that a series of impacts from US tariff policies are emerging one by one like a 'boomerang.' Boomerang One: On August 1 local time, US President Trump announced the dismissal of the head of the US Bureau of Labor Statistics, Erica McEntyre. The reason is that the US Department of Labor released data showing a slight rise in the unemployment rate in July, while also significantly revising down employment growth data for May and June. This is the first major economic indicator suggesting that the US economy is facing danger. Boomerang Two: On the afternoon of August 1 local time, Federal Reserve Board of Governors member Adriana Kugler unexpectedly announced her resignation, with some analysts suggesting it may be related to disappointing employment data. Boomerang Three: The Yale University Budget Lab stated that the latest tariff rates announced by the US government are the highest levels in nearly a century, and this year, the average American family will lose about $2,400 as a result. Combined with the employment data released on Friday, this is the latest sign that American households will face more difficult economic conditions in the coming months.

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