Fmr. Commerce Sec. Wilbur Ross on Trump's BLS firing: 'I can understand why'

Economic Data & Policy - Concerns arise regarding the timing of BLS data releases in relation to Fed meetings and presidential elections, potentially influencing policy decisions [3][4] - Speculation exists regarding the integrity of government data, including jobs data, although no direct influence was observed during the speaker's tenure [5][6] Trade & Tariffs - Tariffs remain in place for various countries, including Japan (15%) and Switzerland (39%) [7] - The administration's trade policy aims to improve the balance of trade, potentially through tariffs or mutual reductions [8][9] - A tariff rate of approximately 30% is considered a significant threshold, potentially hindering trade relations [12] China Trade Deal - A major policy shift from China is unlikely before their upcoming Party Congress [10] - Restrictions on critical materials from China are not encouraging for trade negotiations [11]