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The world is on the verge of significant trade wars, reminiscent of the 1930s, driven by figures like Donald Trump who champion tariffs. While some nations, particularly in Beijing and Brussels, may engage reluctantly, they aim to maintain open markets and fair competition, despite the historical consequences of protectionism. Retaliation from trade-friendly governments is likely as they seek to protect domestic industries.
The French government plans a 60-billion-euro budget effort for 2025, primarily through 40 billion euros in spending cuts and 20 billion euros in tax increases, aiming to reduce the deficit to 5% of GDP. Key measures include postponing pension indexation and tighter control on healthcare spending, alongside a focus on ecological transition with 1.5 billion euros allocated for greening initiatives. France's public debt, currently at 112% of GDP, poses significant risks, prompting calls for contributions from large corporations and wealthy citizens.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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12:24 07.11.2024
france plans 60 billion euro budget cuts and tax increases for 2025
09:00 02.10.2024
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