*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)
President Joe Biden is hosting Costa Rican President Rodrigo Chavez at the White House.
Republican lawmakers voted to temporarily silence a member of the so-called 'Tennessee Three' during a House session on Monday.
New video showed detained American Paul Whelan inside a Russian prison camp.
Russian President Vladimir Putin will not attend mercenary chief Yevgeny Prigozhin's funeral, according to the Kremlin.
The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.
A medical rescue helicopter caught fire and broke apart shortly after takeoff Monday before crashing into an apartment complex near Fort Lauderdale, killing a paramedic captain on board and a resident on the ground, authorities said.
A report showed that 2022 saw a record number of requests to ban books at U.S. public schools.
A federal judge heard arguments on whether to move the case for Mark Meadows to federal court from state.
Former President Donald Trump and the 18 people indicted along with him in Georgia are scheduled to be arraigned next week on charges they participated in a wide-ranging illegal scheme to overturn the results of the 2020 election.
Data gathered by The Associated Press show at least 14 of the 20 most populous U.S. cities are hosting or starting programs, sometimes called civilian, alternative or non-police response teams.
