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Economic shifts are on the horizon, affecting taxes, healthcare and housing as the inauguration of President-elect Donald Trump approaches. Learn More: 3 Things Retirees Should Sell To Build...
The CBO forecast in April 2020 that the budget deficit in fiscal year 2020 would be $3.7 trillion (17.9% GDP), versus the January estimate of $1 trillion (4.6% GDP). [66] The COVID-19 pandemic in the United States impacted the economy significantly beginning in March 2020, as businesses were shut-down and furloughed or fired personnel. About 20 ...
Trump called the deal a "historical" agreement — and even bragged that China would buy not $200 billion in new goods and services but $300 billion. ... was costing the U.S. economy $1.4 billion ...
The U.S. President-elect's threats have rattled China's industrial complex, which sells goods worth more than $400 billion annually to the United States. Many manufacturers have been shifting ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
On January 6, 2021, supporters of President Donald Trump stormed the United States Capitol building to disrupt the certification of Joe Biden's electoral victory. [163] At least one activist participated in the riot despite a recent positive COVID-19 diagnosis, [164] and few members of the crowd wore face coverings, with many coming from out of ...
President-elect Donald Trump has doubled down on many of his economic promises in the weeks since his victory. In 2025 he will face formidable global players who may have other plans.
The Trump tariffs, along with the impacts of COVID-19, were a major factor in declining trade between China and the U.S. in 2019 and 2020. [ 232 ] : 142 Trade between the two countries subsequently rebounded significantly, and as of 2021 merchandise trade was down only marginally from its record high in 2018.