At the end of the G-20 Foreign Ministers’ Meeting, the US President Donald Trump and Chinese President Xi Jinping held talks on a trade war between the two countries.
The leaders of United States and China negotiated about two and a half hours, after which the US President Donald Trump went to the airport for a scheduled flight to Washington.
None of the parties made any statements on the outcome of the negotiations, however, there are rumors that a full agreement was reached on all issues.
Due to new US sanctions, Iran is under economic pressure, but it could have political consequences too because the sanctions are not only affecting Iran but the entire Middle East region.
New US sanctions have affected Iran economy, especially the civilian population. Basic foods are either very expensive or not available.
The only resource available in big quantities and at very affordable price is gasoline.
The U.S. economy enters June with a good deal of momentum. US jobs growth was faster than expected in the last month, as employers added 223,000 jobs, a faster pace than last year or the year before. This helps lowering the unemployment rate to an 18-year low of 3.8 percent. In the previous month, the unemployment rate was 3.9 percent.
Comparing this year with a year earlier, the average hourly pay increased about 2.7 percent. According to the Labor Department’s monthly jobs report, This is a slightly faster annual pace than in April. Wage growth was respectable too. Executives at many companies complain they can’t find enough workers, but the pay growth remained below levels that are common when the unemployment rate is this low.