President Trump reinstated severe tariffs, pushing U.S. import taxes to a high not seen since 1933. The firing of the Bureau of Labor Statistics commissioner after a questionable nonfarm payrolls report creates more uncertainty. The combination of tariffs, data integrity concerns, and high valuations could lead to another stock market crash.

Trump recently reinstated reciprocal tariffs on top U.S. trading partners, with rates ranging from 15% to 35%. Canadian and Mexican imports complying with free-trade agreements are exempt. Tariffs have increased the average tax on U.S. imports to 18.6%, the highest since 1933, leading to economic turbulence and weaker corporate earnings.

The recent nonfarm payrolls report showed a miss in job growth, leading to downward revisions. Trump fired the BLS commissioner, insinuating politically motivated data manipulation. Analysts fear data integrity questions could arise, further impacting markets. The combination of tariffs, weak labor market data, and potential data manipulation creates a volatile market situation.

Read more at Yahoo Finance: President Trump Just Gave Stock Investors 2 Reasons to Worry About Another Market Crash