The economic impact of Trump’s budget bill

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  Good morning from the Financial Times.

• 00:36

  Today is Friday, May 23rd, and this is your FT News Briefing.

• 00:41

  U.S. lawmakers approved a controversial budget bill, and BYD is beating Tesla in Europe.

• 00:49

  Plus, NVIDIA is building a buffer against the global trade war.

• 00:53

  I'm Sonia Hudson, and here's the news you need to start your day.

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  The U.S.

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  House of Representatives narrowly passed President Donald Trump's signature budget bill on Thursday.

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  It snuck by on party lines with just a single vote,

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  and it still needs to win Senate approval to become law.

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  Trump spent the week persuading House Republicans to pass the legislation,

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  which he calls his big, beautiful bill.

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