China accused President Trump of starting “the biggest trade war in economic history,” as billions of dollars’ worth of tariffs on Chinese goods kicked in on Friday. The 25 percent tariffs will cost China roughly $34 billion.
Still, amid tensions, “All three major U.S. stock indexes posted gains on Friday,” the Washington Examiner reports.
“The blue-chip Dow Jones industrial average rose 0.39 percent at the end of New York trading,” the Examiner report continues, “while the tech-heavy Nasdaq gained 1.3 percent and the broader S&P 500 added 0.84 percent.”
The latest jobs report for nonfarm payrolls rose 213,000 in June, according to a government report Friday. Some economists expected a gain of only 195,000.
More detailed information can be found in the video below. Watch, then CHAT LIVE underneath.
.@johnrobertsFox on trade tensions with China: “President @realDonaldTrump acknowledges that there may be some short-term pain, but he is looking at the long game.” #SpecialReport https://t.co/05V4LLMOmB pic.twitter.com/lUywBW6XXb
— Fox News (@FoxNews) July 6, 2018