*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)
Women's marches across the country demanded the protection of abortion rights on Sunday, the 50th anniversary of the Supreme Court decision to legalize the medical procedure that was struck down by the court last year.
Thousands of pro-life activists gathered at the National Mall in Washington, DC, for the ‘March For Life,’ marking the first time the event was held in the post-Roe v. Wade era.
Cheddar News discusses a new State Department program, the ‘Welcome Corps’ that will allow private U.S. citizens to sponsor refugees from around the world.
The U.S. has surpassed its $31.4 trillion debt limit, leading the Treasury Department to implement extraordinary measures.
U.S. Coast Guard tracks potential spy ship near Hawaii, New Zealand Prime Minister Jacinda Ardern is stepping down, and the latest accusation against Rep. George Santos. Here is everything you Need2Know for Thursday, January 19, 2023.
President Joe Biden is set to tour damage and be briefed on recovery efforts after devastating storms hit California in recent weeks, killing at least 20 people and causing destruction across 41 of the state's 58 counties.
Treasury Secretary Janet Yellen warned that the U.S. will reach its $31.4 trillion borrowing cap on Thursday.
UN Secretary-General António Guterres on Wednesday called out ExxonMobil for withholding highly accurate predictions about the impact of climate change.
A chopper crash killed top Ukrainian lawmakers, Arizona fight over water, and the TSA found a record number of firearms last year. Here is everything you Need2Know for Wednesday, January 18, 2023.
A helicopter crash in a Kyiv suburb Wednesday killed 18 people, including Ukraine’s interior minister and three children, Ukrainian authorities said.
