Unemployment Claims Rise as Job Rebound Loses Momentum

New filings for unemployment benefits rose last week, signaling continued layoffs even before autumn chills outdoor business.

#coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows

In the wake of the last recession, government spending dried up, dragging out the recovery. Policymakers warn against letting it happen again.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #senate, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Embattled Fed Nominee Celebrates Free Markets, but Not in Her Backyard

Judy Shelton, a longtime Federal Reserve critic and gold standard fan, could soon clinch a job on the Fed board. Her views have often been inconsistent.

#appointments-and-executive-changes, #banking-and-financial-institutions, #currency, #gold, #gold-standard-monetary, #interest-rates, #shelton-judy, #united-states-economy

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Is the Stock Market Rooting for Trump or Biden?

Neither. Wall Street is not as partisan as you think.

#presidential-election-of-2020, #stocks-and-bonds, #united-states-economy

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Republicans Killed the Obamacare Mandate. New Data Shows It Didn’t Really Matter.

Many experts now view the individual mandate as a policy that did little to increase health coverage — but did a lot to invite political backlash.

#fines-penalties, #health-insurance-and-managed-care, #patient-protection-and-affordable-care-act-2010, #united-states-economy, #united-states-politics-and-government

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A $1.5 Trillion Compromise That Congress’s Leaders Can’t Ignore

The bipartisan framework struck by House Democrats and Republicans merits consideration.

#coronavirus-2019-ncov, #house-of-representatives, #labor-and-jobs, #unemployment, #united-states-economy, #united-states-politics-and-government

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Fed Forecasts Low Interest Rates for Years, and Until Inflation Picks Up

The Federal Reserve’s latest economic forecasts suggest that interest rates will remain near zero at least through 2023.

#banking-and-financial-institutions, #credit-and-debt, #federal-open-market-committee, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #stimulus-economic, #united-states-economy

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Fed Pledges Low Rates for Years, and Until Inflation Picks Up

Federal Reserve economic forecasts show that interest rates will remain near zero at least through 2023.

#banking-and-financial-institutions, #credit-and-debt, #federal-open-market-committee, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #stimulus-economic, #united-states-economy

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Why Unemployment Claims May Be Overcounted by Millions

Weekly tallies of jobless claims were not meant to be treated as an economic indicator. The pandemic has exposed the shortcomings of doing so.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #statistics, #unemployment, #unemployment-insurance, #united-states-economy

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How the Fed’s Quick Action May Have Given Congress Cover for Inaction

By doing its job of stabilizing the financial system, it has reduced the sense of urgency for lawmakers to help ordinary Americans.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #powell-jerome-h, #stimulus-economic, #united-states-economy

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W.T.O. Says American Tariffs on China Broke Global Trade Rules

A World Trade Organization panel said Tuesday that the United States violated its rules by imposing tariffs on China in 2018, drawing an angry response from the Trump administration.

#customs-tariff, #intellectual-property, #international-trade-and-world-market, #politics-and-government, #trump-donald-j, #united-states-economy, #world-trade-organization

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A Job That Isn’t Hard to Get in a Pandemic: Swindlers’ Helper

Criminals are increasingly using people like Denise Newton to move their money, just as many have lost their jobs and are vulnerable.

#better-business-bureaus, #careers-and-professions, #computers-and-the-internet, #coronavirus-2019-ncov, #frauds-and-swindling, #hiring-and-promotion, #labor-and-jobs, #money-laundering, #unemployment, #united-states-economy

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U.S. Poverty Hit a Record Low Before the Pandemic Recession

The share of Americans in poverty in 2019 declined and median incomes were the highest on record, a Census Bureau report showed.

#census, #census-bureau, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #income, #income-inequality, #labor-and-jobs, #poverty, #united-states-economy

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The G.O.P. Plot to Sabotage 2021

Republicans are already acting as if there’s no next year.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #local-government, #presidential-election-of-2020, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wildfires

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U.S. Restricts Chinese Apparel and Tech Products, Citing Forced Labor

The new restrictions, announced Monday, fall short of a broader ban on cotton and tomatoes from Xinjiang that the administration was poised to announce last week.

#agriculture-and-farming, #cotton, #fashion-and-apparel, #forced-labor, #international-trade-and-world-market, #uighurs-chinese-ethnic-group, #united-states-economy, #united-states-international-relations

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In Visiting a Charred California, Trump Confronts a Scientific Reality He Denies

A president who has mocked climate change and pushed policies that accelerate it is set to be briefed on the scorched earth and ash-filled skies that experts say are the predictable result.

#air-pollution, #biden-joseph-r-jr, #california, #carbon-dioxide, #coronavirus-2019-ncov, #disasters-and-emergencies, #environment, #environmental-protection-agency, #fuel-emissions-transportation, #global-warming, #green-new-deal, #greenhouse-gas-emissions, #national-oceanic-and-atmospheric-administration, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #science-and-technology, #states-us, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-economy, #united-states-politics-and-government, #wildfires

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Unemployment Benefits Program Has Issues With Fraud and Math

An emergency federal program faces growing issues with spurious claims, and the flood of applicants may have led to overcounting the unemployed.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #frauds-and-swindling, #identity-theft, #labor-department-us, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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Trump’s Payroll Tax ‘Cut’ Fizzles

Big companies say the president’s directive to delay collection of the tax that funds Social Security is more trouble than it is worth. Federal employees are upset they are stuck with it.

#corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #layoffs-and-job-reductions, #payroll-tax, #social-security-us, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy

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A Free Market Manifesto That Changed the World, Reconsidered

Milton Friedman’s libertarian economics influenced presidents and inspired “greed is good.” So what did Friedman get right — and wrong? Today’s business leaders and economists weigh in.

#capitalism-theory-and-philosophy, #conservatism-us-politics, #corporate-social-responsibility, #economics-theory-and-philosophy, #friedman-milton, #united-states-economy, #united-states-politics-and-government

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How Liberals Opened the Door to Libertarian Economics

Milton Friedman’s free-market ideas found favor in a free-love era and helped redirect the country toward the right. The aftershocks of his radical arguments are still being felt today.

#antitrust-laws-and-competition-issues, #business-roundtable, #economics-theory-and-philosophy, #friedman-milton, #income-inequality, #libertarianism-us-politics, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government

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Unemployment Claims Send Another Worrisome Note

Filings for benefits reflect continued layoffs and a sluggish recovery. “The numbers are going in the wrong direction,” one economist said.

#california, #coronavirus-2019-ncov, #frauds-and-swindling, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #unemployment, #unemployment-insurance, #united-states-economy

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Unemployment Benefits Are at Heart of a Debate Over Hiring

A $600-a-week supplement that expired in July has been credited with bolstering the economy. Its impact on hiring is central to a political fight.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economics-theory-and-philosophy, #hiring-and-promotion, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Strike. This Could Be Our Last Stand.

If we can’t get our government to help us now, when will we ever?

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #income-inequality, #labor-and-jobs, #recession-and-depression, #strikes, #unemployment, #united-states-economy, #wages-and-salaries

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Federal Report Warns of Financial Havoc From Climate Change

A report commissioned by President Trump’s Commodity Futures Trading Commission issued dire warnings about climate change’s impact on financial markets.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #environment, #global-warming, #greenhouse-gas-emissions, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government

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The Fed Enabled a Record Expansion. Trump Is Taking Credit.

President Trump has taken credit for the lowest unemployment rate in 50 years, but the Federal Reserve’s patient policies laid the groundwork.

#income-inequality, #interest-rates, #labor-and-jobs, #presidential-election-of-2020, #unemployment, #united-states-economy, #wages-and-salaries

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Gross Domestic Misery Is Rising

The recovery is bypassing those who need it most.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #trump-donald-j, #unemployment, #united-states-economy, #wages-and-salaries

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The Tax Cut for the Rich That Democrats Love

Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?

#biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #income-inequality, #income-tax, #pelosi-nancy, #presidential-election-of-2020, #schumer-charles-e, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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‘I Keep My Promises,’ Trump Said. Let’s Check.

Here’s a report card on whether the president met his 2016 campaign pledges.

#illegal-immigration, #labor-and-jobs, #national-debt-us, #presidential-election-of-2016, #presidential-election-of-2020, #russian-interference-in-2016-us-elections-and-ties-to-trump-associates, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Job Growth Slackens, Signaling Vulnerability of Recovery

Unemployment fell to 8.4% in August, but the gain of 1.4 million jobs was the weakest in months. The end of federal aid programs is casting a shadow.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #recession-and-depression, #unemployment, #united-states-economy

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The Service Economy Meltdown

As companies reconsider their long-term need to have employees on site, low-wage workers depending on office-based businesses stand to lose the most.

#building-service-employees, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #quarantine-life-and-culture, #real-estate-commercial, #shutdowns-institutional, #telecommuting, #unemployment, #united-states-economy, #urban-areas

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Wall Street Has Its Worst Day in Months

The S&P 500 dropped 3.5 percent on Thursday, the biggest single-day fall since June 11, as big tech companies weighed on it heavily.

#alphabet-inc, #amazon-com-inc, #apple-inc, #coronavirus-2019-ncov, #google-inc, #microsoft-corp, #nasdaq-composite-index, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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Unemployment Claims Show Layoffs Continue to Batter Economy

Progress in restoring lost jobs has become more challenging. “It’s pretty bad at this stage in the crisis,” one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #shutdowns-institutional, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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You Want Progressive Policies? You Need Progressive Taxes

Foolish federal dithering means states have to step in. Yes, even in the midst of a pandemic.

#budgets-and-budgeting, #coronavirus-2019-ncov, #e-learning, #federal-budget-us, #income-inequality, #income-tax, #layoffs-and-job-reductions, #recession-and-depression, #roosevelt-franklin-and-eleanor-institute, #states-us, #taxation, #trump-donald-j, #united-states-economy

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Federal Borrowing Amid Pandemic Puts U.S. Debt on Path to Exceed World War II

Federal debt, as a share of the economy, hit 98 percent in the 2020 fiscal year. Many economists are pushing lawmakers to add even more to it.

#congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #national-debt-us, #presidential-election-of-2020, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Scott Atlas, Trump’s New Virus Adviser, Questioned Mask Use

Dr. Scott Atlas arrived at the White House as a coronavirus contrarian, questioning controls like masks. He has angered top health officials while pushing a suite of disputed policy prescriptions.

#coronavirus-2019-ncov, #hoover-institution, #masks, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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‘That Kept Us Going’: Small Businesses Stay Alive With Local Help

Cities big and small know they can’t rely on federal stimulus to support their entrepreneurs, so they are finding innovative ways to keep them afloat.

#akron-ohio, #buyers-giovy, #charlotte-nc, #coronavirus-aid-relief-and-economic-security-act-2020, #dean-charity, #detroit-mich, #federal-aid-us, #labor-and-jobs, #lewis-pam, #marshall-nya, #metropolitan-policy-program-brookings-institution, #new-economy-initiative, #parilla-joseph, #philanthropy, #small-business, #united-states-economy

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Inflation Is Higher Than the Numbers Say

While government statistics say inflation is low, the reality is that the cost of living has risen during the pandemic, especially for poorer Americans.

#bureau-of-labor-statistics, #consumer-price-index, #coronavirus-2019-ncov, #costco-wholesale-corporation, #delivery-services, #discount-selling, #discrimination, #e-commerce, #harvard-university, #inflation-economics, #instacart, #klenow-peter, #prices-fares-fees-and-rates, #quarantines, #shopping-and-retail, #shortages, #social-security-us, #twitter, #united-states-economy, #university-of-michigan

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Mnuchin Says Economy Is Recovering but ‘More Work’ Is Needed to Alleviate Pain

The Treasury secretary’s House testimony, combined with renewed stimulus discussions among Republicans, highlighted divisions over how big an economic package should be.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #house-of-representatives, #mnuchin-steven-t, #recession-and-depression, #senate, #small-business, #stimulus-economic, #treasury-department, #unemployment, #united-states-economy, #united-states-politics-and-government

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Small-Business Failures Loom as Federal Aid Dries Up

Many owners face tough choices after a federal loan program and other government moves to bolster the economy have run their course.

#bankruptcies, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #shutdowns-institutional, #small-business, #stimulus-economic, #united-states-economy

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Trump Had One Good Response to Covid-19. His Party Killed It.

Aid to the unemployed saved us from disaster. Now it’s gone.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #presidential-election-of-2020, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Trump’s Tariffs? Coronavirus? China’s Exports Are Surging Anyway

Chinese companies are taking a greater share of goods sold abroad, showing their tremendous strength despite mounting challenges.

#coronavirus-2019-ncov, #customs-tariff, #economic-conditions-and-trends, #factories-and-manufacturing, #international-trade-and-world-market, #trump-donald-j, #united-states-economy

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Steven Mnuchin Tried to Save the Economy. Not Even His Family Is Happy.

The coronavirus was an opportunity for the Treasury secretary to redefine his legacy, for better or worse.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cramer-james-j, #dimon-james, #gingrich-newt, #milken-michael-r, #mnuchin-steven-t, #pelosi-nancy, #treasury-department, #trump-donald-j, #united-states-economy

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Coronavirus Winter Is Coming

What have we learned about how to prepare for it?

#contact-tracing-public-health, #coronavirus-2019-ncov, #coronavirus-risks-and-safety-concerns, #debatable, #disease-rates, #masks, #united-states, #united-states-economy

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For Trump, G.O.P. Created an Alternative America Beyond Covid-19

For four days, the Republican National Convention constructed a false image of America beyond the pandemic, where President Trump had moved quickly and effectively to crush the coronavirus.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-reopenings, #presidential-election-of-2020, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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A Gen-X Adviser to Biden Argues Equality Is Good for Growth

Heather Boushey is at the forefront of a generation of economists rethinking their discipline — just as the government deploys trillions to address a once-in-a-century emergency.

#biden-joseph-r-jr, #boushey-heather, #coronavirus-aid-relief-and-economic-security-act-2020, #income-inequality, #labor-and-jobs, #pavement-music-group, #recession-and-depression, #united-states-economy, #united-states-politics-and-government, #washington-center-for-equitable-growth

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When Retirement Comes Too Early

Workplaces have grown steadily less friendly to older employees, and the pandemic has pushed more of these workers from the labor market.

#age-chronological, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #part-time-employment, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries, #your-feed-health, #your-feed-science

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White House Wants Companies to Foot Payroll Tax Bill for Workers

The Treasury Department has not been willing to issue guidance making it clear that companies will be on the hook for deferred taxes, further delaying crucial information for businesses.

#coronavirus-2019-ncov, #corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #payroll-tax, #taxation, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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The Elite Needs to Give Up Its G.D.P. Fetish

“Material living standards” are not the same thing as “quality of life.”

#coronavirus-2019-ncov, #united-states-economy, #united-states-politics-and-government

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Airline Job Cuts Could Pressure Congress and Trump on Stimulus

American Airlines said it would furlough 19,000 workers if lawmakers do not extend aid to the industry, which has been hammered by the pandemic.

#airlines-and-airplanes, #american-airlines, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #delta-air-lines-inc, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #united-airlines, #united-states-economy, #united-states-politics-and-government

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American and Chinese Officials Take Pulse on Trade Deal, Six Months In

Trade negotiators from the two countries met by videoconference to review the progress in enacting their trade deal.

#agriculture-and-farming, #china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #elections, #international-trade-and-world-market, #lighthizer-robert-e, #liu-he-1952, #national-economic-council-us, #office-of-the-united-states-trade-representative, #tiktok-bytedance, #united-states, #united-states-economy, #united-states-international-relations, #wechat-mobile-app

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