Voters sent President Donald Trump back to the Oval Office on his pledge to lower costs on Day One and usher in a new “golden age” of American prosperity. But the dizzying pace of his executive actions has unnerved some economists who are projecting a downturn or even a recession.

During the National People’s Congress on March 5, the Chinese Communist Party remained defiant against President Donald Trump’s tariffs and refused to give ground in an escalating trade war.

China set a bullish economic growth goal of around 5% this year Fiscal deficit target set at around 4% of GDP, highest in over three decades Beijing lowers CPI target to around 2% for first time in more than 20 years Thanks for joining us.

United States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.