President Trump signed the 'Big, Beautiful Bill' into law on the July 4 weekend, which is expected to increase national debt. The announcement of delayed tariffs has caused negative sentiment in the stock market, with tariffs postponed until August 1 for certain countries. Treasury Secretary Scott Bessent mentioned ongoing trade agreements that may mitigate these tariffs. Meanwhile, Trump warned of a potential new 10% tariff on nations with 'anti-American policies' while urging foreign partners to expedite trade deals. The Vanguard S&P 500 ETF is trading down 0.3% pre-market.
President Trump signed the 'Big, Beautiful Bill' into law over the July 4 weekend, setting the stage for further deficit spending and higher national debt.
The stock market is reacting negatively following the announcement of delayed tariffs, which will not go into effect until August 1 for some countries.
Treasury Secretary Scott Bessent revealed that the U.S. is in the process of signing several trade agreements with foreign countries to avoid or diminish tariffs.
President Trump warned he might impose a new 10% tariff on countries with 'anti-American policies' while encouraging trade partners to finalize deals quickly.
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