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July 3, 2025: Trump Takes a Victory Lap, Renews Tariff Threat, More

Bloomberg News Now

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Major Tax Legislation and Tariff Developments

This chapter explores the recent passage of a significant tax and spending bill by the House, focusing on its contentious aspects, including tax cuts for the wealthy and safety net program reductions. It also examines the President's upcoming actions on tariffs, recent Supreme Court rulings, and global economic factors, notably China's population growth strategies.

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