US media on August 1 heavily focused on President Trump's new tariffs, which went into effect for many nations. Reports detailed these sweeping global tariffs, noting their immediate impact on markets with stocks and the US dollar sinking. Concurrently, a weak July jobs report emerged, showing significantly lower additions and downward revisions from prior months, alarming economists about the economy's health. The day culminated with Trump's decision to fire the Bureau of Labor Statistics commissioner in response to this "dismal" employment data, intensifying debates on economic policy. Separately, Trump's deployment of nuclear submarines closer to Russia, following provocative statements, garnered significant attention.