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US strategically dependent on China for over 400 categories: Report
US is strategically dependent on China for over 400 categories of imports, of which more than 100 service America’s critical infrastructure, posing a threat to US national security, a new report by a British think tank shows. The US is strategically dependent on China for antibiotics, essential batteries, rare earth metals, critical elements, laptops, cell phones, vitamin supplements and even things like shipping containers, safety glass and life jackets, according to the ...
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Adviser: US unemployment could pass 20 percent in May
A White House economic advisor has warned the unemployment rate in the United States may cross 20 percent in May, as the coronavirus pandemic continues to plague the US economy. US employment will likely be at "a number north of 20% in May," Kevin Hassett said in an interview with CNN on Sunday. Hassett said the number is expected to be even higher in June. He underlined that the US unemployment rate ...
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