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Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest ...
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. ... "The emergence of the COVID-19 pandemic ...
China's top legislative body, the Standing Committee of the National People's Congress (NPC), is looking to approve the fresh fiscal package, including 6 trillion yuan which would partly be raised ...
[132]: 44 After the global financial crisis of 2007-2008, Chinese policymakers and the general public viewed China's holdings of US debt as unwisely overexposing China to volatility. [323]: 61–62 China remains a major holder of United States treasury securities, although the amount has decreased as of at least 2022. [324]
The US has consistently imported more from China than it has exported to China, with the bilateral US trade deficit in goods with China rising to $375.6 billion in 2017. [24] This trade deficit is driven by a difference in saving rates between the US and China: Chinese households save more than 30 percent of disposable income on average ...
Defaulting on that debt would leave the government’s creditors, including the Social Security trust fund and maybe your 401k provider, in the lurch and jeopardize the US economy. No wonder Trump ...
In March 2021, the National Intelligence Council released a report that said the Chinese government "considered but did not deploy" influence efforts in 2020. [2] A declassified U.S. intelligence assessment in 2023 said with "high confidence" that China, Russia, Iran and Cuba attempted to influence the 2022 midterms.
Eurasia Group founder and president Ian Bremmer warned Monday that he believes the US is headed for a trade war with China just as Donald Trump assumes the presidency for the second time.