Biden’s China tariff threats are more bark than bite, economists say

Biden’s China tariff threats are more bark than bite, economists say

U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at the Filoli Estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Woodside, California, United States, November 15, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters The Biden administration this week sent several signals of a toughened U.S. economic strategy…

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U.S. economy world’s best; Trump claims ‘cesspool.’ Data is clear

U.S. economy world’s best; Trump claims ‘cesspool.’ Data is clear

U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s efforts to improve the American economy during his visit to Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S., July 6, 2023 Revitalize manufacturing. Jonathan Ernst | Reuters President Joe Biden is struggling to convince inflation-weary…

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Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

Germany’s defense minister said Saturday that his country’s pledge to spend 2% of GDP on defense was just the starting point and that more was likely needed. Previously, Chancellor Olaf Scholz had insisted that the 2% spending target would be achieved “in the 2020s, 2030s and beyond”. However, German Defense Minister Boris Pistorius emphasized that…

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CBO Director warns lawmakers of rising deficit and interest costs

CBO Director warns lawmakers of rising deficit and interest costs

CBO Director Phillip Swagel testifies during the House Budget Committee hearing entitled “The Congressional Budget Office’s Budget and Economic Outlook” on Wednesday, February 14, 2024, in the Longworth Building. Tom Williams | Cq-roll Call, Inc. | Getty Images The director of the nonpartisan Congressional Budget Office warned House Democrats on Wednesday that the ballooning national…

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