US EditionTrump Confronts Economic And Geopolitical Reality
- America's trade deficit for 2024 reached a record $918 billion, contributing to a cumulative total of over $17 trillion since 2000.
- The federal budget deficit is projected to grow from $900 billion in 2019 to $1.9 trillion in 2025, according to analysis of federal finances.
- Noted investor Kevin O'Leary stated on CNN that China does not comply with trade rules and suggested imposing 400 percent tariffs on them.
- The Trump administration acknowledges significant issues including a cold war with China, a need to restore manufacturing, and uncontrolled federal spending.
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Commentary: Trump Confronts Economic and Geopolitical Reality | The Star News Network
by Edward Ring By the time this is published, everything may have changed, and that is to be expected. Throughout his career, well before and since becoming a politician, Trump has explicitly stated that he does not think it is always a good strategy to be predictable. And while markets love predictability, sometimes markets, and the systems propping them up, need disruption. This is such a moment. Nobody should deny that the anxiety is genuin…
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