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The US has signaled China will buy $50 billion of farm goods. But one chart shows they’ve never come anywhere close to that before.
The Chinese government avoided giving firm figures on future farm good purchases in its announcement of an interim trade deal with the United States.
Trump said the US would lower the tariff rate on China to 7.5% and cancel plans to target virtually all imports from that country on Sunday.
The Wall Street Journal reported a day earlier that US negotiators had offered to lower tariffs on roughly $360 billion worth of Chinese products.
Payroll taxes made up 7.8% of national income in 2018, compared to 0.9% for corporate ones — the widest gulf in almost two decades.
An initial US-China trade pact had been announced in October but was not signed and has not yet been put to paper.
A growing number of Republicans say they’re satisfied with US healthcare costs — even as insurance prices have surged 20% in the past year...
The poll suggests that heightened partisanship is swaying Republicans on healthcare just as it has been on the economy
"Getting VERY close to a BIG DEAL with China," Trump wrote on Twitter early Thursday. "They want it, and so do we!"
The sharp increase likely reflected seasonal volatility. More comprehensive measures have pointed to a solid labor market in recent weeks.
Elizabeth Warren’s proposed wealth tax will raise $1 trillion less than expected and slow the economy, study finds
The study assumed that Warren's wealth tax would lead to rich citizens investing less in the US economy, hurting its growth over the long run.
"Today we see something very different and far more sinister. Nihilistic forces are dismantling policies to protect our air, water, and climate."