SIX MONTHS INTO TAX REFORM: GOOD OR BAD?

Subscribe to Simone's new channel https://www.youtube.com/@SimoneGao301, we'll be posting all of Zooming In new episodes there. Also, don't forget to follow Simone on X to keep updated on new and exclusive releases! https://twitter.com/SimoneGao

It’s been 6 months since President Trump signed the tax reform bill into law. The U.S. manufacturing sector is showing strong confidence and the newest polls show satisfaction with the direction the U.S. is heading has reached a 12-year high. But will the tax bill pay for itself by relying on a 3% GDP growth as the White House economic adviser suggests? And will there be a recession during Trump’s presidency? Economists and others in business weigh in on the tax reform’s effects so far, what’s next for the U.S. economy.

Also in this episode, how much power does China have in retaliating against the U.S. in the trade war? Much of the focus has been given to the total trade volume and the Chinese government’s power to limit U.S. investments and operations in China. That is not enough. To fully understand China’s retaliation power, we also need to understand its own economic condition. According to one Chinese finance scholar, trade war aside, China is reaching its Minsky moment; it is in no position to retaliate against external forces when its internal economic organs are already unstable.

We would like to share the Facebook live stream link so you can get an idea of what the audience thinks about this topic.
https://www.facebook.com/ZoomingInShow/videos/266646953885029/

Zooming In provides accurate English transcription and Chinese translation for each episode. For English captions, go to settings/subtitles/CC, and choose English.

For Chinese subtitles and script, click here.
http://www.ntdtv.com/xtr/gb/2018/07/03/a1382066.html

We are the only in-depth report program on current affairs that offers in two languages. So get your news and learn English and Chinese from Zooming In.

Follow Zooming In https://www.facebook.com/ZoomingInShow/
Visit Zooming In website http://www.ntd.tv/category/zooming-in/
Visit Zooming In Chinese http://www.ntdtv.com/xtr/gb/prog69.html

Видео SIX MONTHS INTO TAX REFORM: GOOD OR BAD? канала Zooming In with Simone Gao