Inequality is a growing concern worldwide, and governments are struggling to find a tax policy that optimizes equality without sacrificing production. A group of Harvard researchers has designed a supposedly better tax policy through a data-driven solution, using artificial intelligence to simulate economies.
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.