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US National Debt Surpasses $40 Trillion as Interest Costs Put Growing Pressure on Economy
The U.S. federal debt has surpassed $40 trillion for the first time, marking another sign of growing pressure on the government’s finances as borrowing and debt-servicing costs continue to rise. According to data from the U.S. Treasury Department, total federal debt reached about $40.047 trillion on Tuesday, after increasing by roughly $1 trillion in less…
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Washington accuses Canada of helping China avoid Trump tariffs
The White House has released a new report accusing Canada of being among the countries China uses to avoid U.S. tariffs by routing its exports through third countries in a practice known as Transshipment. The report identified around 40 countries that it described as part of a “shadow transshipment network” for Chinese exports. Among the…