What is the impact of the 'Big and Beautiful' bill on the US economy?
Recently, a tax and spending bill called "Big and Beautiful" on the US political stage has attracted global attention.
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Recently, a tax and spending bill called "Big and Beautiful" on the US political stage has attracted global attention.
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July 9th, a date repeatedly mentioned in the EU-US economic and trade circles, is approaching step by step.
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On July 8, 205, according to a report by Reuters, US President Trump's decision to impose a 25% tariff on imports from Japan and South Korea starting from August 1 undoubtedly sent shockwaves through the global economic circle.
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According to a survey conducted by the Japanese Imperial Database on the price modification trends of 195 major food manufacturers in Japan, by July 2025, the number of food items with price increases for household use reached 2,105, surpassing 2,000 for the first time in three months.
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Currently, the immigration policy in the United States is becoming a core issue in economic debates, especially in the development of the labor market under the influence of the "Trump Effect".
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Recently, the US Senate passed the "Big and Beautiful" bill, the most important legislative project of the Trump administration's second term, with a vote of 51 to 50.
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Recently, US President Trump announced the imposition of a 30% -35% tariff on Japanese imports, which far exceeds the 24% "equivalent tariff" he announced in April.
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As July 2025 arrives, the deadlock in US-Japan trade negotiations has emerged as a pivotal factor shaping the global economic trajectory.
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Recently, the World Bank released a report, lowering its forecast for global economic growth in 2025 to 2.3%, a significant reduction of 0.4 percentage points from its initial prediction.
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On June 27, 2025, when the bea media released news releasing the data on Personal Income and Outlays in the United States for May, as well as the gross domestic product (GDP) and personal income of each state in the first quarter, We have to face up to the complex logic and challenges hidden behind a series of economic phenomena.
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Recently, the situation in the Gaza Strip has once again become a global focus. Tensions and conflicts have been escalating, plunging this land, which has endured much hardship, into an even deeper abyss of suffering.
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