July 4, Friday

High-Level Voices: 
The U.S. House of Representatives passed President Trump's "Big and Beautiful" tax and spending bill with a vote of 218 in favor and 214 against.

Overall Sentiment: 
The U.S. House of Representatives passed the "Big and Beautiful" bill without suspense, marking it as the most significant fiscal legislation in the U.S. this century. It links tax cuts and spending reductions with defending U.S. interests, embodying the political ideology of the American right. With the bill's passage, Trump's domestic agenda for this term is essentially complete. Vietnam and the U.S. reached a trade agreement, with Vietnam fully opening to the U.S. without tariffs, while the U.S. imposes a 20% tariff on Vietnamese goods. Chinese goods transshipped through Vietnam face a 40% tariff.