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The bill made permanent all the major tax cuts of Trump’s first term and introduced new benefits such as tax exemption on tips and overtime reductions. However, it also includes massive Medicaid and SNAP cuts.
The US government has recently announced the issuance of a large amount of short-term treasury bills (T-bills)—its impact is clearly visible on yields and investor sentiment after the trillion-dollar spending bill. This news remains a topic of discussion in financial markets around the world.
A major global trade crisis could potentially arise by July 9, 2025. The biggest reason behind this is a new tariff policy being prepared by the Trump administration, which could affect existing agreements with more than 180 trade partners around the world.
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