Reuters World News Trump's tax bill passes, jobs report, Diogo Jota and Gaza
Jul 3, 2025
The final vote on Trump's tax bill stirs up internal conflicts among House Republicans. A U.S.-Vietnam trade deal promises tariff relief. As tensions rise, Hamas considers a ceasefire plan proposed by Trump. Amid these global matters, the severe consequences of USAID cuts to rape survivor kits in Congo raise alarms about women's safety. These intertwined political and humanitarian issues highlight the urgent need for attention and action in crisis regions.
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Trump Tax Cut Bill Advances
- Trump’s tax cut bill is advancing despite internal Republican party divisions over its cost.
- Republicans hold a narrow majority and can’t afford many defections for it to pass.
Vietnam Trade Deal Boosts Markets
- U.S. struck a trade deal with Vietnam including tariffs on exports to the U.S.
- The S&P 500 and Nasdaq closed at record highs following the deal.
Trump vs. Fed Chair Powell
- Trump pressures Fed Chair Jerome Powell to cut interest rates and even calls for his resignation.
- Powell’s term runs out in May, and Trump is considering replacements.