Analysis: The US has another economic problem waiting on the horizon

US government debt has ballooned in the past decade to more than $36tn (€31.84tn), achieved by running budget deficits every year since the early 2000s.

Refinancing in 2025 will come with much higher rates — driving up the overall cost of servicing the US’s mounting debt.

The US and China remain in a stalemate in their ongoing tariff war, with neither side willing to concede.

What started as a 10% tariff on Chinese exports to the US has since skyrocketed to an eye-watering 145% levy, with China’s retaliation placing its own tariffs of 125% on US goods.