According to a report from Bijie.com on August 2nd, Sina Finance reported that the US stock market closed lower on August 1st, wiping out over $1 trillion in market value. This is related to the latest US tariff announcement, demonstrating the impacts of the US tariff policy are reverberating one after another. Boomerang 1: On August 1st, US President Trump announced he would fire Erica McEntuff, Director of the US Bureau of Labor Statistics. This was due to data released by the US Department of Labor showing a slight increase in the US unemployment rate in July and a significant downward revision to job growth figures for May and June. This was the first major economic indicator to signal that the US economy was in danger. Boomerang 2: On the afternoon of August 1st, Federal Reserve Board Governor Adriana Kugler unexpectedly announced her resignation, which some analysts believe may be related to the disappointing employment data. Boomerang 3: The Yale University Budget Lab stated that the US government's newly announced tariffs are the highest in nearly a century, and the average American household will lose approximately $2,400 this year. Combined with U.S. jobs data released on Friday, this is the latest sign that American households will face more difficult economic conditions in the coming months.