*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)
US Secretary of State Antony Blinken said that the brief insurrection in Russia showed cracks in Vladimir Putin's rule.
To many observers, the efforts to roll back two policies that disproportionately help Black students and other students of color reflect a backlash to racial progress in higher education.
Most GOP-controlled states have already imposed bans, including 14 at every stage of pregnancy.
Former Texas Republican Congressman Will Hurd announced he is running for president.
The Supreme Court ruled that a man convicted to 27 years in prison on gun charges won't be able to challenge his conviction.
A Florida judge has struck down a ruling that banned Medicaid payments for transgender healthcare in the state.
A Moscow court on Thursday ruled that Wall Street Journal reporter Evan Gershkovich must remain in jail on espionage charges until at least late August, rejecting the American journalist’s appeal to be released.
The Supreme Court ruled against the Navajo Nation on Thursday in a dispute involving water from the drought-stricken Colorado River.
A resolution to impeach President Joe Biden is likely to face a House vote this week as House Speaker Kevin McCarthy remains opposed to it right now.
Supreme Court Justice Samuel Alito accepted a 2008 trip to a luxury fishing lodge in Alaska from two wealthy Republican donors, one of whom repeatedly had interests before the court, and he did not disclose the trips on his financial disclosure for that year, ProPublica reports.
