June jobs report shows 213000 added amid trade war clouds
U S employers added 213000 jobs in June as unemployment rose to 4 0 percent due to more people seeking work The report notes pay growth at 2 7 percent and revisions lifting May and April gains The economy shows momentum but faces uncertainty from tariffs and a potential broader U S Chinese trade clash
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Trump’s global trade battles widen with China and allies
President Trump escalates tariffs on Chinese imports totaling 34 billion dollars, provoking Beijing’s equal retaliation and threats to raise to 550 billion. He accuses China of predatory practices, cyber theft, and forced tech transfers, while expanding steel and aluminum duties on the EU, Canada, and Mexico. NAFTA reform remains stalled as talks push to alter supply chains and auto production.
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U.S. trade deficit falls to lowest in 19 months
May trade deficit drops 6.6 percent to 43.1 billion as exports rise to a record 215.3 billion while imports edge up 0.4 percent to 258.4 billion. China deficit up 18.7 percent to 33.2 billion. Beijing retaliates with 34 billion in tariffs.
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U S stocks rise as jobs data calm trade fears
U S stock indices turned higher on Friday lifting the S P 500 to 2759 82 and the Dow to 24456 48 while the Nasdaq jumped 1 3 percent as investors focused on a solid jobs report and a mounting tariff spat between the United States and China. Beijing and Washington hit billions of dollars in imports with dueling tariffs signaling a widening trade war.
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