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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 ...
In 2024, China's debt-to-GDP ratio stood at 90.1%. Projections show that this number could reach 111.1% by 2029. Increases to China's debt are driven by ongoing stimulus measures to support its ...
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 ...
The committee released its final report on December 2, 2024. In the 520-page report, the House Select Subcommittee on the Coronavirus Pandemic concludes that the coronavirus “most likely emerged from a laboratory in Wuhan, China,” citing factors like biological characteristics of the virus and illnesses among researchers at the Wuhan ...
Trump, who takes office later in the day, has previously pledged tariffs of 10% on global imports, 60% on Chinese goods and a 25% import surcharge on Canadian and Mexican products, duties that may ...
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 ...
Lan revealed that, as of the end of 2023, China had an enormous hidden debt balance of 14.3 trillion yuan ($1.99 trillion). Officials aim to slash that amount to 2.3 trillion yuan ($320 billion ...
On March 30, Trump claimed that his administration "inherited a broken test" for COVID-19. "That wasn't from us. That's been there a long time," he said. The claim was illogical because no previous administration could have prepared a test for a disease which had yet to emerge. COVID-19 emerged during Trump's presidency, at the end of 2019.