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How Trump bill could cede US global market shares to China | DW News

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July 4, 2025

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Donald Trump has signed his "Big Beautiful Bill" into law, a day after it was passed by the US Congress with overwhelming Republican support.

The president formally approved the legislation at the White House during the 4th of July celebrations. The bill enacts key parts of Trump's agenda including cutting taxes, and boosting spending on defense and immigration control. Democrats and some Republicans criticized sweeping cuts to federal safety net programs, warning millions could lose health coverage.

Trump defended the bill - one of the most significant victories so far of his second term.

#us #trump #economy

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Donald TrumpBig Beautiful BillUS CongressWhite HouseTyson Barker PoliticalLiz Schuelke PolicyFollow DWSie Subscribe

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How Trump bill could cede US global market shares to China | DW News · Dw News · Sentinel