*By Michael Teich*
Wall Street applauded a better-than-expected June jobs report, sending the Dow Industrials Index nearly 100 points higher Friday.
Despite those numbers, though, the U.S. economy is still grappling with growing trade tensions with China and Europe. The Trump administration's tariffs officially went into effect early Friday morning as the U.S. followed through on its threat to impose taxes on $34 billion of Chinese imports. China promptly responded with a similarly seized tariffs on U.S. goods, including pork, soybeans, and electric vehicles.
If trade wars accelerate, "the downside risks outweigh the upside risks," said Mark Hamrick, Senior Economic Analyst, Bankrate.com.
"The trade disputes are having impacts that are real in the economy right now."
The U.S. added 213,000 jobs in June, topping the forecast of 195,000. It was the 93rd consecutive month of job growth. The unemployment rate, however, rose to 4 percent as more people returned to the job market searching for work.
For the full segment, [click here.](https://cheddar.com/videos/u-s-job-growth-beats-expectations)
The Environmental Protection Agency is tightening rules that limit emissions of mercury and other harmful pollutants from coal-fired power plants.
King Charles III’s wife has been officially identified as Queen Camilla for the first time, with Buckingham Palace using the title on invitations for the monarch’s May 6 coronation.
Tax payers are getting less bang for their buck in 2023. The IRS said the government has so far issued $172 billion in refunds. That's down 9 percent from a year ago, and the average refund is down from roughly $3,2000 to $2,900. However, the overall number of people to get refunds is up 3 percent.
Doctors accused of not providing enough care to infants delivered alive during certain kinds of abortion procedures in Kansas could face lawsuits and criminal charges under a bill that won final approval Tuesday in the state's Republican-controlled Legislature.
Some 9.2 million lead pipes carry water into homes across the U.S., with more in Florida than any other state, according to a new Environmental Protection Agency survey that will dictate how billions of dollars to find and replace those pipes are spent.
Former President Donald Trump has been warned by the judge in his criminal case to avoid making comments that are inflammatory or could cause civil unrest.
The incoming majority is expected to rule on a challenge to the state's 1849 abortion ban. The current court, under a 4-3 conservative majority, came within one vote of overturning President Joe Biden’s win in the state in 2020.
Tuesday's win is a major victory for the Democratic Party’s progressive wing as the nation’s third-largest city grapples with high crime and financial challenges.
Voters are heading to the polls in Chicago to vote for either Brandon Johnson or Paul Vallas as new mayor.
Breaking Down Potential Felony Charges Former President Donald Trump Faces
