The Dentist Money Show | Financial Planning & Wealth Management #662: Two Cents 7/5 - Trade Deals; The Impact of the New Bill on Dentists; Student Loan Changes
Jul 5, 2025
This discussion highlights the latest U.S. trade agreements with China and Vietnam, unveiling their potential economic impact. The hosts analyze the implications of Canada's new digital services tax and the 'Big Beautiful Bill,' exploring its effects on dentists and future tax regulations. They also dive into recent changes in student loan policies, discussing how these shifts affect dental education and affordability. The episode wraps up with fun Fourth of July trivia, blending economics with a festive spirit.
AI Snips
Chapters
Transcript
Episode notes
Trade Deals Shift Focus to Vietnam
- Recent U.S. trade deals with Vietnam and talks with China focus on supply chain and tariff issues.
- The Vietnam deal aims to curb Chinese transshipment and includes a 40% tariff to prevent tariff evasion.
Tariff Tensions Among Allies
- U.S. aggressively opposed Canada's 3% digital service tax, impacting negotiations with EU.
- Tariff tensions with allies like Canada and EU highlight trade friction within traditional partnerships.
Big Bill Increases Debt and Tax Changes
- The new "Big Beautiful Bill" (BBB) adds $3.8 trillion to U.S. federal debt over 10 years.
- It includes tax reforms like increased standard deductions, expanded SALT limits, and child tax credit boosts.