Macro Briefing: 4 June 2018

China warns US that trade deals are void if tariffs are imposed: BBC
US allies push for Trump to rethink US trade policy: Bloomberg
US considering more South China Sea patrols to confront China: Reuters
GOP is cool to idea that Trump could pardon himself: The Hill
ISM: US manufacturing sector growth strengthened in May: MarketWatch
US Mfg PMI: “marked improvement in May: IHS Markit
US construction spending surged in Apr from strong home building: LA Times
US payrolls rose 223,000 in May, the most in three months: NY Times