US Treasury Secretary Bessent says China engages in financial repression on its savers
US officials address budget deficit pressures from tariff refunds alongside subsidized competition from Chinese automakers like BYD and ongoing developments across artificial intelligence and energy infrastructure.
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BYD vehicles are the best USD 70k that USD 35k can buy. China products were heavily subsidised. Working to get US budget deficit to GDP down. Budget gap rose this year due to USD 70bln tariff refunds. Will get tariffs back in again. AI AI firms have been tone deaf to communities. Chinese are right behind us on AI AI industry has done a terrible job of explaining theirselves, need to explain to public how it benefits them. UK is a logical place for AI boom, but is unwilling on energy.
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