<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><div><div class="footnotes" id="footnotes-466705" style="box-sizing: inherit; line-height: 1.3; color: rgb(51, 51, 51); font-family: 'Open Sans', sans-serif; font-size: 16px;"><ol style="box-sizing: inherit; margin: 0px 0px 0.65em; padding: 0px 0px 0px 2rem; font-size: 1.1rem !important; line-height: 2rem !important;"><li id="fn-466705-22" class="selectionShareable _mPS2id-t" style="box-sizing: inherit; margin-bottom: 1rem !important; line-height: 2; word-wrap: break-word;"><span class="footnotereverse" style="box-sizing: inherit;"><a href="https://www.americanprogress.org/issues/economy/reports/2019/02/27/466705/u-s-trade-policy-north-america-china-beyond/#fnref-466705-22" in_tag="ol" kaspersky_status="skipped" class="_mPS2id-h" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);"></a></span></li><li id="fn-466705-23" class="selectionShareable _mPS2id-t" style="box-sizing: inherit; margin-bottom: 1rem !important; line-height: 2; word-wrap: break-word;">Brad W. Setser, “China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation” (New York: Council on Foreign Relations, 2018), available at <a href="https://www.cfr.org/blog/chinas-own-goal-unnecessary-and-counterproductive-budget-fiscal-consolidation" in_tag="ol" kaspersky_status="skipped" checked_link="https://www.cfr.org/blog/chinas-own-goal-unnecessary-and-counterproductive-budget-fiscal-consolidation" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);" class="">https://www.cfr.org/blog/chinas-own-goal-unnecessary-and-counterproductive-budget-fiscal-consolidation</a>; Brad W. Setser, “The Return of the East Asian Savings Glut” (New York: Council on Foreign Relations, 2016), available at <a href="https://www.cfr.org/report/return-east-asian-savings-glut" in_tag="ol" kaspersky_status="skipped" checked_link="https://www.cfr.org/report/return-east-asian-savings-glut" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);" class="">https://www.cfr.org/report/return-east-asian-savings-glut</a>; Longmei Zhang and others, “China’s High Savings: Drivers, Prospects, and Policies” (Washington: International Monetary Fund, 2018), available at <a href="https://www.imf.org/en/Publications/WP/Issues/2018/12/11/Chinas-High-Savings-Drivers-Prospects-and-Policies-46437" in_tag="ol" kaspersky_status="skipped" checked_link="https://www.imf.org/en/Publications/WP/Issues/2018/12/11/Chinas-High-Savings-Drivers-Prospects-and-Policies-46437" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);" class="">https://www.imf.org/en/Publications/WP/Issues/2018/12/11/Chinas-High-Savings-Drivers-Prospects-and-Policies-46437</a>. <span class="footnotereverse" style="box-sizing: inherit;"><a href="https://www.americanprogress.org/issues/economy/reports/2019/02/27/466705/u-s-trade-policy-north-america-china-beyond/#fnref-466705-23" in_tag="ol" kaspersky_status="skipped" class="_mPS2id-h" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);"></a></span></li></ol></div></div></body></html>