In recent weeks, Trump has dialed back some of his steepest tariffs. Another batch of tariffs remains in legal limbo following a pair of federal court rulings in May, though the levies remain in place for now. ????? ???????
accord with China
So far, the White House says it has reached trade agreements with the United Kingdom and Vietnam, as well as a preliminary accord with China. ????????????
The fresh data
The fresh data arrived less than a week before a deadline established by the Trump administration for the completion of dozens of trade deals with countries facing the threat of so-called "reciprocal tariffs." ?????
Federal government
Federal government employment declined by 7,000 jobs in June, bringing total losses in the federal government to 69,000 since January, when Trump established the Department of Government Efficiency, or DOGE. The Elon Musk-led organization has sought to slash federal spending, in part by eliminating some federal jobs. ????? ???????
Key measures
Key measures of the economy have proven resilient in recent months, defying fears of resurgent inflation and a possible economic downturn. Hiring has kept up a solid pace, humming along with less disruption than some economists anticipated. ????????????