*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 Pentagon is pulling back about 1,100 active military troops from the U.S.-Mexico border.
Vice President Kamala Harris rejected an invitation from Florida Gov. Ron DeSantis to debate new standards in Black history education in that state.
Clinics in Indiana have stopped abortion services ahead of the state's enactment of a total ban.
Vice President Kamala Harris has publicly declined Florida Gov. Ron DeSantis' invitation to debate new standards in Black history education in Florida.
New Jersey is mourning the loss of Lt. Gov. Sheila Oliver, who passed away at the age of 71.
Trump is facing a new set of felony charges after a federal grand jury indicted him on crimes related to his attempt to overturn the 2020 election.
The Justice Department's four-count indictment Tuesday accuses the former president of assaulting the underpinnings of democracy in a frantic but ultimately failed effort to cling to power.
Thousands of Marines backed by advanced U.S. fighter jets and warships are slowly building up a presence in the Persian Gulf. It’s a sign that while America’s wars in the region may be finished, its conflict with Iran over its advancing nuclear program continues to worsen, with no solutions in sight.
President Joe Biden has decided to keep U.S. Space Command headquarters in Colorado, overturning a last-ditch decision by the Trump administration to move it to Alabama. The choice ended months of thorny deliberations, but an Alabama lawmaker vowed to fight on.
Parents and faith leaders have sued to stop Oklahoma from creating what would be the first religious public charter school in the nation.
