Yet trade disputes and so-called tech frictions between the world's two largest economies are only to harm each other and the global economy, leaving countries like South Korea and Japan suffering greatly from plummeting chip sales to China, he added. "It could only get worse if the US cont...
Over the past 25 years, the US share of global manufacturing GDP in R&D- and design-based activity rose by four percentage points. However, the nation has lost six percentage points of its global share in scale-based activity, a trend that has widened the trade deficit and hollowed out ...
The United States, flexing its muscles as the world’s largest economy, is once again serving the critical role of global growth engine. As Europe and China struggle with weak economic activity, the US, India and, to a lesser extent, Japan are showing signs of resilience as the major ...
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In spite of the decline in the overall US trade deficit and in the overall Chinese trade surplus, the trade deficit with China barely budged, dropping from $26.2 billion to $25.9 billion. This means that China’s “share” of the US deficit rose from 52.6% to 60.5%. We should never ov...
so any benefits of such a policy will not be felt during the next four years. The policy of mass deportations would likely have a profound effect on industries like agriculture and hospitality, where undocumented workers make up a significant share of the total workforce. Likewise, making deep...
And we need to see all bilateral official and private creditors share the burden. That includes China, which has worked to build its influence through massive lending to the emerging world, almost always with strings attached. We share the view of many others that China now needs to step ...
only one has seen a decline of China's share in the global market over the past six years. In the remaining nine categories, China's export share in the global market has increased over the past six years, unaffected by the first round of trade frictions with the U.S.. In this regard...
News and headlines on the state of the US economy. The latest economic data, reports and updates from the US, including budgets and inflation forecasts.
Global investors had time to prepare for Donald Trump’s tariffs but swift market reversals are keeping them on edge Thursday, 6 February, 2025 Peter Mandelson He’s back: the Prince of Darkness returns All political careers may end in failure, but the UK’s new ambassador to Washington, Pet...