Donald Trump’s new tariffs aim to address the trade deficit by targeting major Asian allies and Europe, blaming unfair practices abroad. However, the real issue lies in America’s high consumption levels and lack of competitive goods to export, exacerbated by the strong dollar and interest rates. Despite US companies generating significant revenues globally, tax loopholes and debt servicing costs hinder efforts to offset the growing trade deficit, raising concerns about reliance on foreign investors.
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GE2025: Masagos introduces former Chief of Army David Neo as potential Tampines GRC candidate
Minister Masagos Zulkifli introduced former Chief of Army David Neo as a potential candidate for Tampines GRC, alongside current MPs and new faces. The current MPs in Tampines are Dr. Koh Poh Koon, Desmond Choo, and Baey Yam Keng, with Charlene Chen being introduced as a grassroots leader. David Neo, who recently stepped down as Chief of Army, has been seen in Tampines preparing for the upcoming general election. Full Article
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