Why Trump’s Tariffs Won’t Shrink America’s $37T Debt, Say Economists
Economists say Trump’s tariffs to pay down America’s $37T debt—and promise a “dividend”—are too small to make a real dent.
Finance
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U.S. to Halt Bitcoin Sales, Holds $15-20B in Reserves
U.S. Treasury Secretary Scott Bessent announced the government will stop selling its $15-20B in Bitcoin reserves, signaling a fresh strategy for digital assets.
The Chinese mainland Allocates 1.015B Yuan for Relief Efforts
The Chinese mainland allocates 1.015 billion yuan (approx. $141 million) in disaster relief funds across multiple provincial-level regions.
Survey: U.S. Adults Stressed by Rising Grocery Prices
A recent survey shows most U.S. adults struggle with rising grocery costs, with young adults feeling the pinch amid tariff concerns.
US Stocks Dip Ahead of Trump’s Tariff Deadline
US stocks dipped on Thursday as investors faced a tariff deadline, with Trump confirming tariffs to take effect Friday and extending them with Mexico.
Comic-Con Faces Financial Hurdles Amid Trade Tariffs
Comic-Con International faces economic challenges as rising trade tariffs impact studios, publishers, and small vendors.
Powering Rural Dreams: China’s Financial Push
China’s PBOC and Ministry of Agriculture unveil guidelines to boost financial support and drive rural revitalization with innovative financing.
RMB Assets Set to Grow, Says Chinese Regulator
Chinese regulator Jia Ning signals growth in foreign RMB holdings, highlighting stable and sustainable market prospects.
Chinese Mainland’s Cross-Border Finance Hits $7.6T Milestone
The Chinese mainland reached a historic $7.6T in cross-border revenue in H1, with RMB at 53% and impressive fund inflows boosting reserves.
SCIO Unveils H1 2025 Forex Data Trends
SCIO briefs on H1 2025 forex data as Li Bin fields media questions on emerging financial trends.