Trump threatens to ramp up tariffs on India, calls BLS data 'rigged'

Market Catalysts anchor Julie Hyman breaks down the latest market news for Aug. 5, 2025. Countries are hoping for negotiations as 'reciprocal' tariffs are set to go into effect at midnight ET on Aug. 7. President Trump threatened to substantially increase tariffs on goods from India. Sector-specific tariffs on semiconductors and pharmaceuticals will be announced next week. President Trump called the Bureau of Labor Statistics (BLS) data for the July jobs report 'rigged.' Signum Global Advisors founder and c ...