
China pledges more borrowing and interest rate cuts to counter Trump’s tariff threats
Shipping containers and gantry cranes at Qingdao port in eastern China’s Shandong province, seen on December 4, 2024.Stringer/AFP/Getty Images China pledged Thursday to increase the budget deficit, borrow more and loosen monetary policy to maintain stable economic growth as it girds for more trade tensions with the United States where Donald Trump is returning as…