Stocks Fall on Tariffs, Jobs Data, and Supply Shifts

Global stock markets suffered their worst week since April as higher-than-expected U.S. tariffs and a weak jobs report shook investor confidence. The Dow dropped 542 points (1.2%), while the S&P 500 and Nasdaq fell 1.6% and 2.2%, respectively. The U.S. added only 73,000 jobs in July, with significant downward revisions for earlier months, intensifying fears over the labor market. President Trump fired the head of the Bureau of Labor Statistics, accusing her of political manipulation. Investors were unsettled as some tariffs reached 41%, dashing hopes for a delay amid ongoing trade negotiations. In response to trade disruptions, over 300 international sourcing delegations are expected to visit Vietnam in September as companies seek alternative supply chains.