Trump signs 'Big Beautiful Bill' into law

特朗普签署了《大美法案》成为法律

World Business Report

2025-07-05

26 分钟
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President Trump has signed his flagship bill into law — slashing taxes and welfare, while boosting military and immigration spending. But what does this mean for America’s economy and global standing? And with new tariffs looming, can the U.S. reach a trade deal with its partners before tensions boil over? Plus, We explore the rise of Velvet Sundown, the mysterious AI-powered band drawing in over 850,000 Spotify listeners without a single live show, interview, or known band member.
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  • This is Andrew Peach with World Business Report.

  • Today, despite the doubts of some of his own supporters,

  • President Trump is signing his package of tax and spending cuts into law on the 4th of July.

  • Meanwhile,

  • time is running out in short for some of the US trading partners to strike a trade deal before tariffs kick in.

  • We'll be focusing on Japan and the EU.

  • There are rumours of a skeleton deal which keeps the 10% baseline tariff.

  • There's rumours of a 17% US tariff on EU food that may or may not be on top of the 10% or the 20% baseline tariff.

  • Later, a battle over the size of cabin bags on airlines.

  • The cheaper the ticket you buy,

  • the more concerned they are about your personal belongings because basically they want to upsell.

  • And?

  • The latest band making waves on Spotify, but are they real?

  • It is American Independence Day, and amid the celebrations at the White House happening right now,

  • President Trump is signing his flagship package of tax and spending cuts into law.

  • This bill makes permanent tax cuts introduced in his first term that largely benefit wealthier Americans

  • while slashing support for those who are less well-off.

  • Here is President Trump speaking a few moments ago.

  • Ladies and gentlemen, the President of the United States and First Lady Melania Trump.

  • Well, thank you very much.