Tonight, Trump's trade war escalates as China and the EU threatened countermeasures,

while the White House faces legal challenges to tariffs here at home.

Then, what's at stake for Republicans and their constituents as the Senate deals with the fallout from proposed cuts to Medicaid?

Plus, the AI threat to jobs, the warning from one CEO about what it could mean

for entry-level white-collar workers as the 11th hour gets underway on this Monday night.

Good evening once again. I am Stephanie Ruhl, and it is day 134 of the second Trump administration.

We're starting tonight, you guessed it, with money, power, and politics. The market started the

month of June with slight gains across the board, good news, but that is despite growing tensions

between the United States and some of our most

important trading partners. Today, China denied the White House accusations that it broke

the Geneva trade agreement. Chinese officials said that it was the U.S. was the one to breach

the deal and that China was prepared to respond. It is just the latest sign that negotiations

between our two countries

are going off the rails. Today, the White House Press Secretary confirmed that Trump and Chinese

President Xi will likely talk later this week. And here's what Treasury Secretary Scott Besson had to

say it yesterday. Watch. I'm confident that when President Trump and party chairman Xi have a call,

that this will be ironed out. So, but the fact that they are withholding some of the products

that they agreed to release during our agreement, maybe it's a glitch in the Chinese system, maybe it's intentional.

We'll see after the president speaks with the party chairman.

Why he's so confident, we do not know.

And it is not just China that's unhappy.

The European Union is prepared countermeasures after President Trump said he will double tariffs on steel and aluminum

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