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The Globalist

Trump’s ‘big beautiful bill’

Feb 27, 2025
Chris Chermak, Monocle's senior news editor, breaks down Donald Trump's bold budget proposal, discussing its far-reaching implications for Americans and essential social programs. Paul Walde, Europe correspondent at the Globe and Mail, offers insights into international responses to these U.S. policies and the looming threats of trade wars. They also touch on rising tensions between China and Taiwan and how Taiwan is adjusting its security strategies in light of increased military activity.
58:56

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Quick takeaways

  • Donald Trump's proposed budget outlines a significant overhaul featuring $4.5 trillion in tax cuts while raising concerns about essential service funding cuts.
  • Taiwan's military readiness has increased in response to aggressive actions from China, highlighting the growing solidarity in defense among its population.

Deep dives

Trump's Big Bill and Its Implications

The recent legislative push led by Donald Trump aims to enact a substantial makeover of the US budget, proposing $4.5 trillion in tax cuts and significant spending reductions. This initiative anticipates profound effects on various sectors, especially when it comes to military and border security funding. However, the specifics about which programs will see cuts remain unclear, raising concerns that essential services, particularly aid for low-income Americans, could be at risk. The narrow margin by which the bill passed in the House reflects deep divisions within the Republican party, indicating that consensus on the proposed budget reforms might be challenging.

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