The US House of Representatives passed the "Big and Beautiful" tax and spending bill
The US House of Representatives passed the "Big and Beautiful" tax and spending bill promoted by President Trump on the eve of Independence Day.
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The US House of Representatives passed the "Big and Beautiful" tax and spending bill promoted by President Trump on the eve of Independence Day.
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US President Trump said that he might start sending notification letters to trading partners as early as Friday (July 4th) to determine how much equivalent tariffs the US will impose on them.
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Recently, US-Japan trade negotiations have hit a serious impasse, with the issue of automobile tariffs emerging as an insurmountable obstacle between the two sides.
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The British rap duo "Bob Vylan" was accused of making "hate Israel" remarks during a performance and had their visa revoked by the United States.
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The US Senate passed President Trump's "Big and Beautiful" tax and spending bill by an extremely narrow margin and submitted it to the House of Representatives.
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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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Driven by the Trump administration's push to relax financial regulations and the recovery of investment banking business, the market value of the six major banks in the United States has cumulatively increased by approximately 600 billion US dollars by 2025.
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