Recently, the trade friction between the United States and Europe has intensified, drawing great attention from the global economic community. The European Commission has set a 10% reciprocal tariff as the baseline for negotiations with the United States.
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According to the latest estimate from the Congressional Budget Office, the Senate version of President Trump's "Big and Beautiful" tax cuts and spending bill will lead to an increase of nearly 3.3 trillion US dollars in the US deficit over the next 10 years, with costs far exceeding those of the House version.
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US President Trump complained about the progress of trade negotiations between the United States and Japan and threatened to impose a tax on Japanese rice.
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On June 27, 2025, US President Trump suddenly announced on the social media platform Truth Social that the United States would immediately terminate all trade negotiations with Canada and threatened to unveil new tariff measures on Canadian goods within seven days.
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US President Donald Trump's "big and beautiful" tax cuts and spending bill passed the crucial procedural vote in the Senate on Saturday by two votes and officially entered the final debate stage.
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Recently, the situation in the Middle East has once again become tense, and the news of the United States attacking Iran's nuclear facilities has attracted global attention.
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The final revised data released by the US Department of Commerce shows that the US gross domestic product (GDP) contracted by 0.5% quarter-on-quarter on an annualized basis in the first quarter of 2025, a significant downward revision from the initial estimates and revised figures previously released.
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The United States has successfully tested a long-range radar that can be used to detect missile threats from Russia or China, and it may become a sensor for the US "Dome" missile defense system in the future.
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On June 21st, US President Trump announced a unilateral military strike against Iran's nuclear facilities. The attack used 75 precision-guided munitions and targeted three nuclear facilities in Fordo, Natanz and Isfahan of Iran, claiming to have completely eliminated the nuclear threat from Iran. The attack was codenamed "Midnight Hammer".
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US President Trump said on social media that Israel and Iran have reached an agreement on a "comprehensive and thorough ceasefire".
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The Trump administration, the ruling party in the US, is facing another economic backlash, with its aggressive economic policies triggering a chain reaction that is pushing American society to the brink of instability.
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