Group 1 - 55% of American adults disapprove of Trump's handling of presidential duties, while 45% approve, similar to a previous poll in April [1] - 60% of respondents disapprove of Trump's handling of tariffs, 61% disapprove of his management of cost of living and inflation, and 56% disapprove of his approach to higher education issues [1] - 51% of respondents approve of Trump's handling of border security and immigration issues [1] Group 2 - Among Republicans, 40% prioritize reducing national debt, while 39% focus on continuing and expanding the tax cuts and credits established by Trump in 2017 [1] - 20% of Republicans consider maintaining current spending as their most important budget priority [1] - The poll was conducted from May 30 to June 10, involving 19,410 adults across the United States through an online survey [1]

Group 1 - The core issue of the article revolves around the debt situations of the United States, Japan, and China, highlighting the differences in their debt management and economic implications [3][5][12] - The U.S. national debt has surpassed $36 trillion, with annual interest payments exceeding $1.1 trillion, which is more than the military budget [5][37] - American household debt has also reached $18.2 trillion, with a rising default rate at a 14-year high, indicating a broader economic strain [7][12] Group 2 - Japan's debt stands at approximately $9.1 trillion, which is significantly high compared to its GDP of around $4 trillion, leading to concerns about its fiscal sustainability [14][29] - The Japanese economy has seen over 10,000 business bankruptcies in 24 years, primarily affecting small businesses due to high costs and inflation [17][19] - Japan's central bank, once the largest holder of government debt, is now reducing its purchases, causing a spike in long-term bond yields to 3.7% [15][29] Group 3 - China's total debt is about $11.9 trillion, representing approximately 63.8% of its GDP, which is relatively manageable compared to the U.S. and Japan [21][29] - The Chinese government has implemented a debt restructuring plan to convert short-term, high-interest debt into long-term, low-interest debt, signaling a proactive approach to debt management [21][23] - China's debt is primarily used for infrastructure investments that generate cash flow, contrasting with the debt situations in the U.S. and Japan [23][29] Group 4 - The article emphasizes that the real difference in debt situations among the three countries lies not in the amount of debt but in their ability to manage and utilize it effectively [31][29] - The U.S. faces a situation of borrowing without addressing the principal, Japan struggles with market confidence, while China focuses on productive debt usage [31][29]

Economic Indicators - In Q1 2025, China's current account surplus reached $165.6 billion, with a goods trade surplus of $237.6 billion and a services trade deficit of $59.3 billion [1] - Japan's national debt has hit a record high for the ninth consecutive year, totaling ¥132.37155 trillion [3] Trade Policies - U.S. Commerce Secretary stated that tariff negotiations with Japan and South Korea are complex and unlikely to reach an agreement in the short term, with a baseline tariff of at least 10% unless partner countries open their economies [1] - U.S. trade advisor emphasized that the EU is a priority in tariff negotiations due to a significant trade deficit, with the EU's VAT system being a focal point [1] Central Bank Perspectives - European Central Bank's Rehn suggested considering interest rate cuts if economic growth slows and inflation decreases due to uncertainties from U.S. tariffs [2] - New York Fed President Williams noted that U.S. trade policies increase economic downside risks, stressing the importance of maintaining stable inflation expectations [1][2] Market Performance - Dow Jones Industrial Average fell by 0.29% to 41,249.38 points, while S&P 500 decreased by 0.07% to 5,659.91 points [4] - COMEX gold futures rose by 0.70% to $3,329.10 per ounce, and silver futures increased by 0.81% to $32.88 per ounce [4] Commodity Prices - U.S. crude oil main contract rose by 1.92% to $61.06 per barrel, while Brent crude oil main contract increased by 1.65% to $63.88 per barrel [5] Bond Market - 2-year U.S. Treasury yield increased by 0.87 basis points to 3.889%, while 10-year yield decreased by 0.98 basis points to 4.382% [6]

Core Viewpoint - Former President Trump has called for the repeal of the CHIPS and Science Act, criticizing it as "meaningless" and suggesting that the funds should be redirected to reduce national debt. However, many Republican senators have stated that this proposal is unlikely to succeed in Congress and emphasized the act's importance for national security and economic stability [1][2]. Group 1: Trump's Criticism of the CHIPS Act - Trump criticized the CHIPS and Science Act during a speech, claiming that despite the government providing substantial funding, there have been no significant results. He suggested that the funds, amounting to hundreds of billions, are wasted and should be used to reduce the national debt instead [2]. - Republican senators who previously supported the act responded to Trump's remarks, asserting that his views are unrealistic and contrary to U.S. interests [2][3]. Group 2: Importance of the CHIPS Act - Senator John Cornyn emphasized the necessity of rebuilding advanced semiconductor manufacturing capabilities in the U.S. for national security and economic development, stating that disruptions in the Asian supply chain could lead to an economic recession in the U.S. [3]. - Senator Thom Tillis pointed out that repealing the act would require strong bipartisan support, which is currently unlikely given the political landscape [4]. Group 3: Republican Senators' Reactions - Senator Todd Young expressed surprise at Trump's call to repeal the act, noting that he had previously received assurances from Trump's cabinet members about the act's core objectives being retained [5]. - Senator John Thune remarked that many Republicans had voted in favor of the act, indicating a disconnect between Trump's stance and the party's broader goals of revitalizing high-tech manufacturing in the U.S. [6].