Tax Proposals and Market Reactions Amidst Political Tensions

President Trump signals openness to lowering the 145% tariff on Chinese goods, while still maintaining a tough stance on trade negotiations with Beijing. The Trump Administration is reportedly considering a tax increase for millionaires as part of its “big, beautiful” tax bill. Border Czar Tom Homan accuses activist groups and judges of obstructing efforts to remove criminal illegal aliens through a coordinated legal resistance. Elon Musk announces he’ll reduce his government role to focus more on Tesla after a sharp earnings drop and stock decline.

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