The U.S. debt crisis continues to intensify, but the U.S. has not found a buyer and is gradually heading towards bankruptcy .

After the outbreak of the Russia-Ukraine conflict, the United States and the West launched a comprehensive economic crackdown on Russia and tried to target China. Unexpectedly, the U.S. economy ran into trouble first. According to the Global Times, American entrepreneur Musk warned that the United States is on the "fast track" to bankruptcy at the current spending rate of the White House government. According to the U.S. government's fiscal year 2025 budget data, by 2035, the U.S. government's fiscal deficit will increase from the current $1.8 billion to nearly $16.3 billion.

Musk also pointed out that the main reason for this situation is the excessive spending of the White House government, which has led to inflation. According to the US Treasury Department, the US debt has now exceeded 35 trillion US dollars, which is equivalent to the total economic output of China, Germany, Japan, India and the United Kingdom. Some economists have also expressed concerns about this, believing that this will pose a hidden danger to the United States and even the world.

In fact, the US is also very anxious about this matter. The US Treasury Secretary has visited China many times, trying to get China to be the "buyer" to maintain more US debt and allow the US government to have a continuous flow of funds. However, the US has something to ask of China, but it has never stopped its steps to contain and contain China. Even on the eve of the visit of US President's National Security Advisor Sullivan to China, the US Department of Commerce listed more than 40 Chinese companies on the "Entity List", blatantly threatening China. Obviously, the US not only does not respect its competitors, but also does not show sincerity in asking for help. Now that the United States is on the "fast track" of bankruptcy, the US side knows that it is anxious and its attitude towards China has changed.

 

According to U.S. media reports, the Biden administration recently announced again that it would postpone the imposition of high tariffs on Chinese-made electric vehicles, batteries, semiconductors and solar cells. A spokesman for the Office of the U.S. Trade Representative said that the agency is making a final decision on the tariff changes based on the tariffs imposed by the United States on Chinese goods six years ago. However, the relevant decision will be announced within a few days.

It is worth mentioning that in order to restrict the development of China's electric vehicle sector, as early as May this year, the Biden administration threatened to increase tariffs on electric vehicles to 100%, tariffs on semiconductors and solar cells to 50%, and 25% tariffs on other key materials. The move was originally scheduled to be officially implemented on August 1. However, due to opposition from all walks of life, this move has been postponed again and again, and there is still no conclusion today. Analysts believe that it may be that the reaction of the US industry is too great, and Sullivan has just ended his visit to China. The US side is also considering the pros and cons of this move. It may also be that they want to leave China a hole so that China can maintain the size of US debt.

 

One point that must be emphasized is that the US economy is heading towards bankruptcy, which is entirely the fault of the US. If the US had paid more attention to the US debt issue, it would not have developed to this point. It is a fact that the US dollar hegemony is gradually declining. If the US still does not respect other countries, it will eventually pay the price for its actions.