Tech company Nvidia on Wednesday <a href="https://www.reuters.com/world/china/nvidia-becomes-first-company-clinch-4-trillion-market-value-2025-07-09/">became</a> the first publicly traded company to hit a $4 trillion market cap.
Nvidia, which designs graphics processing units (GPUs) — chips that power artificial intelligence (AI) programs, such as ChatGPT, is the world&#8217;s most valuable company.
It surpassed Apple and Microsoft, which both reached $3 trillion mark before Nvidia, <a href="https://www.cnbc.com/2025/07/09/nvidia-4-trillion.html">according</a> to CNBC. Nvidia, based in California, hit $2 trillion in February 2024 and $3 trillion in June 2025.
Nvidia shares surged to an all-time high of $164.
The growth comes after previous lows in March and April, when President Donald Trump&#8217;s tariff announcements led to a decline in stock markets, The Daily Wire previously <a href="https://www.dailywire.com/news/u-s-stocks-plunge-as-trump-warns-of-economic-transition-period">reported</a>. Nvidia faced a year-to-date loss of 20% in March.
In April, Nvidia <a href="https://www.dailywire.com/news/tech-giant-commits-500-billion-to-make-ai-supercomputers-entirely-in-the-u-s">committed</a> $500 billion to building AI infrastructure in the United States. The company outsources its chip production to the Taiwan Semiconductor Manufacturing Company and Samsung and said it wants &#8220;to build and test NVIDIA Blackwell chips in Arizona and AI supercomputers in Texas,&#8221; The Daily Wire <a href="https://www.dailywire.com/news/tech-giant-commits-500-billion-to-make-ai-supercomputers-entirely-in-the-u-s">reported</a>.
&#8220;Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency,&#8221; Nvidia CEO Jensen Huang said at the time.
The announcement was a win for Trump, who has encouraged tech companies to manufacture in the United States.
Huang praised Trump&#8217;s manufacturing vision in May.
&#8220;Our president wants America to win,&#8221; Huang told CNBC. &#8220;The president laid out a bold vision for the United States, for America, to re-industrialize, to onshore manufacturing so that we can have a more resilient supply chain, so that we can create jobs locally.&#8221;
<blockquote class="twitter-tweet">
NVIDIA CEO Jensen Huang hails President Trump&#8217;s &#8220;bold vision for the United States, for America, to re-industrialize, to onshore manufacturing.&#8221;
&#8220;Our President wants America to WIN.&#8221; <a href="https://t.co/l3RtpdllXp">pic.twitter.com/l3RtpdllXp</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1928060927309394107?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

9th VivaTech – Viva Technology: Day Two

Nvidia Becomes 1st Company To Hit $4 Trillion Market Cap As Trump’s AI Vision Paying Off

Business

Economy

WASHINGTON/BRUSSELS (Reuters) — The European Union said it was working on sealing a trade deal with the United States by the end of the month, while U.S. President Donald Trump promised that he would deliver further tariff notices on unnamed countries on Wednesday.
Trump broadened out a trade war that has cast a shadow over the global economic outlook when he said on Tuesday he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals.
Trump said late on Tuesday that &#8220;a minimum of seven&#8221; tariff notices would be released on Wednesday morning, and more in the afternoon. He gave no other details in his Truth Social post.
The threat came a day after he pressured 14 trading partners, including powerhouse U.S. suppliers South Korea and Japan, with tariff letters imposing levies of 25% and upwards to take effect from August 1.
<h3>NEGOTIATIONS WITH THE E.U.</h3>
Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the U.S.
Trump said he would &#8220;probably&#8221; tell the E.U. within two days what rate it could expect for its exports to the U.S., adding that the 27-nation E.U. had become much more cooperative.
&#8220;They treated us very badly until recently, and now they&#8217;re treating us very nicely. It&#8217;s like a different world, actually,&#8221; he said.
European Commission President Ursula von der Leyen gave a guarded response.
&#8220;We stick to our principles, we defend our interests, we continue to work in good faith, and we get ready for all scenarios,&#8221; von der Leyen told the European Parliament.
A European Commission spokesperson said that the E.U. aimed to reach a trade deal before August 1, potentially even in the coming days.
However, Italian Economy Minister Giancarlo Giorgetti warned that talks between the two sides were &#8220;very complicated&#8221; and could continue right up to the deadline.
<h3>HIGHEST TARIFF LEVELS SINCE 1934</h3>
Equity markets shrugged off Trump&#8217;s latest tariff salvo on Wednesday, while the yen remained on the back foot after the levies set for Japan.
Following Trump&#8217;s announcement of higher tariffs for imports from the 14 countries, U.S. research group Yale Budget Lab estimated consumers face an effective U.S. tariff rate of 17.6%, up from 15.8% previously and the highest in nine decades.
Trump&#8217;s administration has been touting those tariffs as a significant revenue source. Treasury Secretary Scott Bessent said Washington has taken in about $100 billion so far and could collect $300 billion by the end of the year. The United States has taken in about $80 billion annually in tariff revenue in recent years.
Trump&#8217;s administration promised &#8220;90 deals in 90 days&#8221; after he unveiled an array of country-specific duties in early April. So far, only two agreements have been reached, with Britain and Vietnam. Trump has said a deal with India was close.
(Reporting by Julia Payne, Charlotte Van Campenhout, Philip Blenkinsop, Trevor Hunnicutt, Dan Burns; Writing by Keith Weir; Editing by Alex Richardson)

FILE PHOTO: European Union leaders summit in Brussels

E.U. Seeks To Finalize Trade Deal With Trump By End Of The Month

Donald Trump

European Union

Global Politics

Tariffs

Trade War

President Donald Trump announced on Monday that the United States would impose 25% tariffs on imports from Japan and South Korea, following his extension of the &#8220;Liberation Day&#8221; tariff deadline, initially scheduled for April.
On Truth Social, Trump posted letters addressed to the leaders of both countries informing them of the new tariffs. The 25% blanket tariffs will be in addition to sector-specific tariffs already in place. The tariffs on Japan and South Korea will go into effect on August 1.
&#8220;Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country,&#8221; Trump wrote to both Japanese Prime Minister Shigeru Ishiba and South Korea&#8217;s new president, Lee Jae-myung. Trump added that Japanese and South Korean companies can avoid the tariffs if they manufacture their products in the United States.
Trump then warned the countries against retaliating against the United States with reciprocal tariffs, stating that he would respond by increasing tariffs on them, in addition to the 25% blanket tariffs.
&#8220;If you wish to open your heretofore closed Trading Markets to the United States and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter,&#8221; Trump wrote to both nations. &#8220;These tariffs may be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with the United States of America.&#8221;
<iframe class="truthsocial-embed" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114812856757774700/embed" width="600" allowfullscreen="allowfullscreen"></iframe><script src="https://truthsocial.com/embed.js" async="async"></script>
<iframe class="truthsocial-embed" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114812854233087572/embed" width="600" allowfullscreen="allowfullscreen"></iframe><script src="https://truthsocial.com/embed.js" async="async"></script>
Trump posted the letters shortly after Treasury Secretary Scott Bessent <a href="https://www.dailywire.com/news/bessent-promises-several-trade-announcements-over-the-next-48-hours">told</a> CNBC on Monday morning that &#8220;several&#8221; trade announcements would come &#8220;in the next 48 hours.&#8221; Trump hinted last week that he would soon send letters to countries outlining their new tariff rates. Japanese economy minister Ryosei Akazawa has <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-06-30-2025/card/trump-says-japan-will-get-letter-outlining-new-tariff-rate-11aR4lQ9f3AsmCBVtOq8?mod=article_inline">traveled</a> to Washington, D.C., seven times in recent weeks for ongoing trade talks with the Trump administration, but so far, the talks have yielded no results.
Last week, Trump said that there likely wouldn&#8217;t be a trade deal with Japan, calling the country &#8220;spoiled,&#8221; The Hill <a href="https://thehill.com/homenews/administration/5381161-trump-japan-trade-deal-tariffs-rice/">reported</a>.
“We dealt with Japan. I’m not sure if we’re going to make a deal. I doubt it with Japan — they’re very tough. You have to understand, they’re spoiled. I love Japan. I really like the new prime minister, too,&#8221; he said, adding, “But they and others are so spoiled from having ripped us off for 30, 40 years that it’s really hard for them to make a deal. You know, it’s very hard. As an example, with Japan, they won’t take rice, and yet they desperately need rice,” he said. “They won’t take any cars, but they’ll sell millions. So, we told them, ‘Sorry you can’t do that.’”
South Korean Trade Minister Yeo Han-koo met with U.S. Trade Representative Jamieson Greer in D.C. over the weekend, where he called on the United States to eliminate or reduce tariffs on steel and vehicles, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-06/south-korea-seeks-us-trade-deadline-extension-as-tariffs-loom">reported</a>. Yeo&#8217;s meeting with Greer marked his second trip to D.C. since the new administration took over in South Korea.

Trump Slaps 25% Tariff On Japan, South Korea, Warns Against Retaliation

Executive

Japan

Politics

South Korea

Trump Administration

In a staggering turnaround, Argentina’s libertarian president, Javier Milei, has reversed the country’s free-fall into the economic abyss and led a recovery that is simply astonishing.
In November 2023, Argentina’s inflation rate had soared to 211.4% and the country had a poverty rate of 41.7%; 19.5 million people lived below the poverty line. Ironically, just before the November election, The Guardian <a href="https://www.theguardian.com/world/2023/nov/08/argentina-election-javier-milei-economists-warning">wrote</a> about a letter signed by more than 100 economists warning that electing Milei would bring “devastation” to Argentina.
“Through an aggressive program of public spending cuts, eliminating bureaucracy, and reducing public sector jobs, he erased Argentina’s massive fiscal deficit, paving the way for a historic economic recovery,” Emmanuel Rincon noted in <a href="https://thedailyeconomy.org/article/mileis-economic-miracle-how-argentina-slashed-inflation-to-1-5/">The Daily Economy</a>.
By May 2025, the inflation rate had plummeted to 43.5%, and the consumer price index rose 1.5%, marking the lowest levels in five years. Wholesale prices dropped by 0.3% in May, the best number in 17 years.
“These achievements were no fluke,” Rincon wrote. “They stemmed from a clear strategy: fiscal balance, reduced public spending, ending monetary expansion as a financing tool, and economic deregulation.”
Alberto Cavallo, professor at Harvard Business School, pointed out:
<blockquote>
The PriceStats PPP index, which compares thousands of identical products (electronics, food, and fuels), shows a sharp decline: the basket is now 1% cheaper than in the USA. &#8230; The relative costs with Brazil dropped by more than 20 points since January, due to the combined effect of the peso&#8217;s depreciation and the real&#8217;s appreciation against the dollar. Today, the basket of identical products is 3% cheaper in Argentina, below the average since 2016.
</blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
1/¿Qué está pasando con los precios relativos de bienes en Argentina desde la liberación parcial del cepo? El índice PPP de PriceStats, que compara miles de productos idénticos (electrónica, comida y naftas), muestra una fuerte caída: la canasta es hoy 1% más barata que en USA. <a href="https://t.co/uF3ljmuAz3">pic.twitter.com/uF3ljmuAz3</a>
&mdash; Alberto Cavallo (@albertocavallo) <a href="https://twitter.com/albertocavallo/status/1941957958352716058?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
3/🇧🇷 Los costos relativos con Brasil bajaron más de 20 puntos desde enero, por el efecto combinado de la depreciación del peso y la apreciación del real frente al dólar. Hoy, la canasta de productos idénticos es 3% más barata en Argentina, por debajo del promedio desde 2016. <a href="https://t.co/5TQ6qG6JzP">pic.twitter.com/5TQ6qG6JzP</a>
&mdash; Alberto Cavallo (@albertocavallo) <a href="https://twitter.com/albertocavallo/status/1941957989520507253?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Milei, like President Donald Trump, wants to open up his nation&#8217;s economy by utilizing its oil resources through drilling in the Vaca Muerta, a geologic formation located in the Neuquen Basin in northern Patagonia, where major deposits of shale oil and gas are found. “The libertarian leader wants to transform Argentina into a major oil producer and reshape an economy <a href="https://archive.is/o/MdqKE/https:/www.bloomberg.com/news/articles/2023-11-10/on-argentina-s-pampas-farmers-are-all-in-on-libertarian-milei">built on farming</a>. It’s an existential project for all involved: Should Milei succeed in generating new oil wealth, he might manage to heave Argentina from its economic quagmire and persuade voters to keep backing his vision,” <a href="https://www.bloomberg.com/news/features/2025-07-02/argentina-shale-oil-boom-helps-javier-milei-push-economic-reforms">Bloomberg</a> reported.

ARGENTINA-INDIA-MILEI-MODI

Milei Defies Critics, Working Economic Miracles In Argentina

Argentina

Javier Milei

World

Treasury Secretary Scott Bessent promised on Monday that the Trump administration would make &#8220;several announcements in the next 48 hours&#8221; regarding President Donald Trump&#8217;s trade agenda.
Bessent said during an interview with CNBC&#8217;s &#8220;Squawk Box&#8221; that the president is actively &#8220;trying to get everyone across the finish line&#8221; on agreements. Bessent&#8217;s comments come hours after Commerce Secretary Howard Lutnick, in an interview alongside Trump on Sunday, <a href="https://www.cnbc.com/2025/07/06/stock-market-today-live-updates.html">said</a> that tariffs will take effect on August 1, pushing back the plan for Trump&#8217;s &#8220;Liberation Day&#8221; tariffs to hit countries around the world on July 9 after a 90-day reprieve.
&#8220;What President Trump is concerned about is the quality of the deals, not the quantity,&#8221; Bessent said.
&#8220;My mailbox was full last night with a lot of new offers, a lot of new proposals,&#8221; he added. &#8220;So it&#8217;s going to be a busy couple of days. But importantly, too, President Trump has said that the countries would not go back to the recipricol [tariff] rate until August 1.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/SecScottBessent?ref_src=twsrc%5Etfw">@SecScottBessent</a> on trade negotiations: &quot;We are going to have several announcements in the next 48 hours&#8230; What President Trump is concerned about is the quality of the deals, not the quantity&#8230; It&#39;s going to be a busy couple of days.&quot; <a href="https://t.co/xBWFDoaP7l">pic.twitter.com/xBWFDoaP7l</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1942197285720350979?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The Treasury Secretary <a href="https://www.dailywire.com/news/bessent-trump-will-revive-foreign-tariffs-if-countries-dont-move-along-by-august-1?author=Hank+Berrien&amp;category=undefined&amp;elementPosition=2&amp;row=3&amp;rowHeadline=Latest+News&amp;rowType=Vertical+Carousel&amp;title=Bessent%3A+Trump+Will+Revive+Foreign+Tariffs+If+Countries+Don%E2%80%99t+%E2%80%98Move+Along%E2%80%99+By+August+1">told</a> CNN on Sunday that Trump plans to send letters to countries, warning them to &#8220;move things along&#8221; or tariffs will &#8220;boomerang back to your April 2 tariff level.&#8221;
&#8220;So I think we’re going to see a lot of deals very quickly,&#8221; Bessent added.
Trump is also ramping up <a href="https://www.dailywire.com/news/trump-threatens-tariffs-for-countries-backing-anti-american-global-alliance?topStoryPosition=undefined&amp;author=Hank+Berrien&amp;category=News&amp;elementPosition=2&amp;row=1&amp;rowHeadline=Top+Stories&amp;rowType=Top+Stories&amp;title=Trump+Threatens+Tariffs+For+Countries+Backing+%E2%80%98Anti-American%E2%80%99+Global+Alliance">pressure</a> on countries that align with &#8220;anti-American&#8221; trade policies of the BRICS nations, which include Brazil, Russia, India, and China. Ten countries have recently become &#8220;partner states&#8221; with BRICS, which could potentially lead to their inclusion as member nations. The 10 &#8220;partner states&#8221; include Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Vietnam, Uganda, and Uzbekistan.
&#8220;Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,&#8221; Trump posted on Truth Social as the BRICS nations met in Rio de Janeiro. &#8220;There will be no exceptions to this policy. Thank you for your attention to this matter!&#8221;
The stock market is down on Monday amid President Trump&#8217;s renewed push for trade. The Dow Jones Industrial Average futures dropped 70 points Monday morning, the S&amp;P 500 futures fell 0.3%, and the Nasdaq 100 futures were down 0.5%.

Scott Bessent

Bessent Promises ‘Several’ Trade Announcements Over ‘The Next 48 Hours’

Stock Market

President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the &#8220;take it or leave it&#8221; offers to be sent out on Monday.
Trump, speaking to reporters aboard Air Force One as he traveled to New Jersey, declined to name the countries involved, saying that would be made public on Monday.
Trump had earlier on Thursday told reporters that he expected a first batch of letters to go out on Friday, a national holiday in the United States, though the date has now shifted.
Trump in April announced a 10% base tariff rate and additional amounts for most countries, some ranging as high as 50%. However, all but the 10% base rate were subsequently suspended for 90 days to allow more time for negotiations to secure deals.
That period ends on July 9, although Trump early on Friday said the tariffs could be even higher — ranging up to 70% — with most set to go into effect August 1.
&#8220;I signed some letters and they&#8217;ll go out on Monday, probably twelve,&#8221; Trump said, when asked about his plans on the tariff front. &#8220;Different amounts of money, different amounts of tariffs.&#8221;
Trump and his top aides initially said they would launch negotiations with scores of countries on tariff rates, but the U.S. president has soured on that process after repeated setbacks with major trading partners, including Japan and the European Union.
He touched on that briefly late on Friday, telling reporters: &#8220;The letters are better &#8230; much easier to send a letter.&#8221;
He did not address his prediction that some broader trade agreements could be reached before the July 9 deadline.
The shift in the White House&#8217;s strategy reflects the challenges of completing trade agreements on everything from tariffs to non-tariff barriers such as bans on agricultural imports, and especially on an accelerated timeline.
Most past trade agreements have taken years of negotiations to complete.
The only trade agreements reached to date are with Britain, which reached a deal in May to keep a 10% rate and won preferential treatment for some sectors including autos and aircraft engines, and with Vietnam, cutting tariffs on many Vietnamese goods to 20% from his previously threatened 46%. Many U.S. products would be allowed to enter Vietnam duty free.
A deal expected with India has failed to materialize, and EU diplomats on Friday said they have failed to achieve a breakthrough in trade negotiations with the Trump administration, and may now seek to extend the status quo to avoid tariff hikes.
(Reporting by Andrea Shalal and Jasper Ward; Editing by William Mallard and Shri Navaratnam)

U.S. President Donald Trump speaks to members of the media on board Air Force One on the way to New Jersey

Trump Set To Send A Dozen ‘Take It Or Leave It’ Trade Deal Offers

President Donald Trump signed the One Big, Beautiful Bill into law on Independence Day, meeting his self-imposed deadline for the monumental budget bill after a long legislative struggle.
Trump — who had urged Congress to pass the bill and send it to his desk by July 4 — walked out onto the South Portico of the White House with First Lady Melania Trump and stood for the national anthem and a military flyover, after which he approached the microphone to offer a few words.
&#8220;I want to wish you a very happy Independence Day, happy Fourth of July. This is gonna be something special. There&#8217;s spirit in this country, we haven&#8217;t seen anything like it in many, many years,&#8221; the president said, later mentioning Operation Midnight Hammer and the military personnel who participated in the operation to destroy Iran&#8217;s nuclear capabilities.
Trump continued, noting his administration&#8217;s successes in recent months.
<blockquote class="twitter-tweet">
🚨 THE ONE BIG BEAUTIFUL BILL IS NOW OFFICIALLY THE LAW OF THE LAND! <a href="https://t.co/mOpYN0tiZ0">pic.twitter.com/mOpYN0tiZ0</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1941253557665321187?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;The American people gave us a historic mandate in November&#8230;We made promises, and it&#8217;s really promises made, promises kept. This is a triumph of democracy on the birthday of democracy,&#8221; Trump added, going on to enumerate the details of the Big, Beautiful Bill, and thanking prominent Republicans who helped get the legislation across the finish line.
&#8220;The Golden Age of America is upon us. We are in the Golden Age,&#8221; Trump said. &#8220;It&#8217;s going to be a period of time the likes of which I don&#8217;t think this country has ever experienced before.&#8221;
Trump then descended the stairs, shook hands with various figures, took his pen, and — flanked by House Speaker Mike Johnson and House Majority Leader Steve Scalise — signed the Big, Beautiful Bill.
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The bill makes permanent Trump&#8217;s 2017 tax cuts, increases funding for border security, enacts work requirements for able-bodied recipients of Medicaid and food stamps, defunds Planned Parenthood for a year, funds the “Golden Dome” missile defense program, and ends taxes on tips and overtime.
The legislation was sent to Trump’s desk after being passed by both houses of Congress, where Republicans <a href="https://www.dailywire.com/news/big-beautiful-and-on-the-way-to-trumps-desk-congress-passes-historic-spending-bill?author=Leif+Le+Mahieu&amp;category=undefined&amp;elementPosition=17&amp;row=3&amp;rowHeadline=Latest+News&amp;rowType=Vertical+Carousel&amp;title=Big%2C+Beautiful%2C+And+On+The+Way+To+Trump’s+Desk%3A+Congress+Passes+Historic+Spending+Bill">overcame</a> significant Democratic opposition and internal Republican hesitancy to hand the president a major legislative victory.
The Republican-controlled House voted 218-214 to pass the measure shortly after Minority Leader Hakeem Jeffries (D-NY) wrapped up an hours-long speech delaying the bill’s advancement. To reach the final vote, Johnson spent hours working with Republican holdouts to get them to back the measure.
The Senate vote was even closer, with Vice President JD Vance casting the tie-breaking vote.
Following the bill&#8217;s passage on July 3, White House Press Secretary Karoline Leavitt <a href="https://www.dailywire.com/news/trump-will-sign-one-big-beautiful-bill-at-fourth-of-july-celebration?author=Mary+Margaret+Olohan&amp;category=undefined&amp;elementPosition=15&amp;row=3&amp;rowHeadline=Latest+News&amp;rowType=Vertical+Carousel&amp;title=Trump+Will+Sign+One+Big%2C+Beautiful+Bill+At+Fourth+Of+July+Celebration">said</a> &#8220;President Trump delivered win after win for the American people, and House Republicans and Senate Republicans delivered these wins with the passage of the One Big, Beautiful Bill into law.”
Leif Le Mahieu contributed to this report.

President Trump

Trump Signs Big, Beautiful Bill At Historic July 4 Ceremony: ‘A Triumph Of Democracy’

Congress

Fourth of July

Mike Johnson

President Donald Trump opened his Iowa rally on Thursday touting the “One Big, Beautiful Bill” passed by Congress ahead of his July 4 deadline.
The House gave the final Congressional approval to the bill on Thursday afternoon, giving Trump a landmark legislative win for his second term. The legislation was heavily pushed by the president and is key to accomplishing many of his key priorities.
“There could be no better birthday present for America than the phenomenal victory we achieved just hours ago when Congress passed the One Big, Beautiful Bill to Make America Great Again,” said Trump. “In the last election, the people gave us a historic mandate to cut taxes, raise take-home pay, bring back jobs, stop the invasion … deport the illegals, and slash hundreds of billions of dollars of waste and fraud, and that&#8217;s what we&#8217;re doing.”
“With this bill, every major promise I made to the people of Iowa in 2024 became a promise kept,” he added.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
“There could be no better birthday present for America” than the One Big Beautiful Bill, says <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>.
“With this bill, every major promise I made to the people of Iowa in 2024 became a promise kept.” <a href="https://t.co/LJGspOUQBA">pic.twitter.com/LJGspOUQBA</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1940931619952689284?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Trump and House Speaker Mike Johnson (R-LA) whipped votes late Wednesday night and early Thursday morning to get the legislation through the House. The House passed the nearly 900-page bill in a 218-214 vote just days after the Senate passed it 51-50, with the tie-breaking vote coming from Vice President JD Vance.
The legislation includes funding for a host of Trump administration priorities, such as a $150 billion boost to border security and deportation operations, $150 billion in new defense spending, and funding for the “Golden Dome” missile protection system to be built across the United States.
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The bill also includes provisions aimed at boosting fossil fuel energy production while scrapping a host of tax breaks and tax credits for green energy and electric vehicle production. The bill also tightens rules around receiving Medicaid and implements work requirements for recipients.
“Just as I promised, we&#8217;re making the Trump tax cuts permanent and delivering no tax on tips, no tax on overtime, and no tax on Social Security for our great seniors,” the president said. “We&#8217;ve got the hottest country anywhere in the world, as said by many, many leaders of other countries. And we will ignite trillions of dollars in economic growth, increase take home pay for the typical family by more than $10,000 a year.”
“And very importantly for Iowa, this bill rescues over two million family farms from the so-called estate tax or death tax,” he continued.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &quot;Just as I promised, we&#39;re making the Trump Tax Cuts permanent, and delivering NO TAX ON TIPS, NO TAX ON OVERTIME, and NO TAX ON SOCIAL SECURITY&#8230; very importantly for Iowa, this bill rescues over 2 million family farms from the so-called estate tax, or the Death Tax.&quot; <a href="https://t.co/VndTf9Iu9X">pic.twitter.com/VndTf9Iu9X</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1940933122582802786?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Trump is expected to sign the bill at a ceremony scheduled for 5 p.m. ET on Independence Day. The president said earlier that he will be joined by Johnson, Senate Majority Leader John Thune (R-SD), and most Congressional Republicans.
Trump summed up his thoughts on the “One Big, Beautiful Bill”: “Very simply, the One Big, Beautiful Bill will deliver the strongest border on Earth, the strongest economy on Earth, the strongest military on Earth, and ensure the United States of America will remain the strongest country anywhere on this beautiful planet of ours.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: “The One Big Beautiful Bill will deliver the strongest border on Earth, the strongest economy on Earth, the strongest military on Earth… 165 days into the Trump administration, America is on a winning streak like, frankly, nobody has ever seen before.” <a href="https://t.co/tUU2Cxtx95">pic.twitter.com/tUU2Cxtx95</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1940934078229836168?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
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Trump Touts Big, Beautiful Bill At Iowa Rally: ‘No Better Birthday President For America’

Iowa

President Donald Trump has scored some of the biggest wins of his administration in the past two weeks to be capped with what may be his signature legislative win of his second term.
Congress passed the “One Big, Beautiful Bill” on Thursday, sending the legislation to Trump’s desk in time for the July 4 deadline that the president had set. House Speaker Mike Johnson (R-LA) called the bill a “key cornerstone of America’s new golden age” after he and Trump worked late into the night whipping votes to get the package through the House on Thursday afternoon.
The legislation makes permanent Trump’s 2017 tax cuts, as well as eliminating some taxes on tips and Social Security. It also includes a $150 billion boost to border security and deportation measures, and another $150 billion toward new defense spending. The bill encourages a boom in fossil fuel energy production while cutting tax credits for green energy and electric vehicles. The bill tightens rules and implements work requirements to receive Medicaid.
“President Trump is racking up win after win – making this the best two weeks for everyday Americans in decades. On the world stage and on the home front, President Trump has delivered on his promises like no other President before. It’s clear that President Trump was right about everything, Americans still aren’t tired of winning, and our country has never been HOTTER!” White House spokeswoman Taylor Rogers told The Daily Wire in a statement.
Other wins for the president from the past two weeks include:
<ul>
<li style="font-weight: 400;">The June jobs report <a href="https://www.dailywire.com/news/trump-effect-u-s-adds-147k-jobs-beating-projections-for-fourth-straight-month">released</a> on Thursday showed the United States added 147,000 jobs last month, outpacing expectations and showing positive job growth in the country for four months straight. The U.S. economy has added nearly 700,000 jobs since January.</li>
<li style="font-weight: 400;">Border encounters in the month of June again <a href="https://www.dailywire.com/news/border-patrol-saw-fewer-migrant-encounters-last-month-than-one-single-day-under-biden-homan-says">plunged</a> to the lowest level in decades, surpassing a previous decades-long low set in March. Federal authorities tallied just 6,070 encounters with illegal aliens at the Southern Border last month, and stopped all from entering the United States.</li>
<li style="font-weight: 400;">The Supreme Court last week <a href="https://www.dailywire.com/news/supreme-court-sides-with-trump-limits-nationwide-injunctions-in-birthright-citizenship-fight">delivered</a> a major win to the Trump administration, restricting the ability of district court judges to issue nationwide injunctions that have thwarted policies from the White House. Justice Amy Coney Barrett wrote for the 6-3 majority that “federal courts do not exercise general oversight of the Executive Branch; they resolve cases and controversies consistent with the authority Congress has given them.”</li>
<li style="font-weight: 400;">Trump <a href="https://www.dailywire.com/news/trump-announces-major-trade-deal-with-vietnam-days-before-tariff-increases">announced</a> a trade deal with Vietnam on Wednesday just days before the president’s 90-day pause on Liberation Day tariffs expires. According to Trump, American producers will have duty-free access to Vietnam’s market while Vietnamese goods will have a 20% tariff to enter the United States. “Transshipped” goods sent to the United States via Vietnam from other countries will be tariffed at 40%.</li>
<li style="font-weight: 400;">The S&amp;P 500 and NASDAQ both <a href="https://www.reuters.com/sustainability/sustainable-finance-reporting/us-stock-futures-steady-investors-await-payrolls-data-2025-07-03/">closed</a> at record highs on Thursday.</li>
<li style="font-weight: 400;">Gas prices hit the lowest level in four years heading into the Independence Day holiday weekend. The national average for a gallon of gas stood at $3.16 on Thursday, a $0.35 drop from a year ago, according to data from <a href="https://gasprices.aaa.com/">AAA</a>.</li>
<li style="font-weight: 400;">Last week, NATO countries <a href="https://www.dailywire.com/news/trump-triumphs-nato-bows-to-u-s-pressure-with-5-defense-pledge">agreed</a> to raise defense spending to 5% of GDP at Trump’s urging, with the lone exception of Spain.</li>
<li style="font-weight: 400;">United States bombers and submarines delivered strikes against three nuclear sites in Iran in a June 21 surprise attack dubbed “Operation Midnight Hammer.” The Pentagon has said the strikes “obliterated” nuclear facilities at Fordo, Natanz, and Isfahan and <a href="https://www.militarytimes.com/news/your-military/2025/07/03/us-strikes-set-back-irans-nuclear-program-up-to-2-years-dod-says/">set</a> Iran’s nuclear program back at least one to two years.</li>
<li style="font-weight: 400;">Following the attack on Iran’s nuclear facilities, Trump <a href="https://www.dailywire.com/news/jd-vance-end-of-israel-iran-war-an-important-reset-moment-for-middle-east">brokered</a> and held together a ceasefire between Israel and Iran.</li>
<li style="font-weight: 400;">Last week, Trump <a href="https://www.dailywire.com/news/trump-brokers-peace-agreement-between-rwanda-and-congo-at-white-house">hosted</a> leaders of Rwanda and the Democratic Republic of Congo at the White House to broker a peace agreement and end a 30-year conflict between the two countries.</li>
<li style="font-weight: 400;">Pakistan <a href="https://x.com/FoxNews/status/1936235634286268493">nominated</a> President Trump for the Nobel Peace Prize on June 20 “in recognition of his decisive diplomatic intervention and pivotal leadership during the recent India-Pakistan crisis.”</li>
<li style="font-weight: 400;">Trump <a href="https://www.cnbc.com/2025/06/26/trump-golden-share-us-steel-nippon-merger.html">secured</a> a “golden share” of U.S. Steel last week as part of an $14 billion deal for Japan’s Nippon Steel to acquire the U.S. steel manufacturer. The “golden share,” made official in an amended corporate charter filed with the United States last week, grants Trump and future presidents broad veto power over key decisions made regarding U.S. Steel, including changes to the company name or selling production locations in the next decade.</li>
<li style="font-weight: 400;">Under pressure from the White House, the University of Pennsylvania has <a href="https://www.dailywire.com/news/upenn-agrees-to-strip-medals-from-lia-thomas-as-part-of-sweeping-white-house-deal">agreed</a> to bar males from competing in female sports or using female “intimate facilities.” The school will also adopt “biology-based definitions” for “male” and “female” that comply with the president’s executive orders. The university will also strip trans-identifying male swimmer Lia Thomas of the titles he won on the women’s team while returning “misappropriated” awards to female athletes.</li>
</ul>

TRUMP-MENTUM: From Iran To Big, Beautiful Bill, Prez Scores Landmark Victories In Past Two Weeks

Free Trade

Immigration

White House

WASHINGTON — President Donald Trump will sign the One Big, Beautiful Bill on the Fourth of July, White House Press Secretary Karoline Leavitt shared on a call with reporters Thursday.
Leavitt spoke within minutes of the bill&#8217;s Thursday passage through the House of Representatives, prompting celebrations from White House officials, who hailed the news as a massive victory.
&#8220;Today is a victorious day for the American people,&#8221; Leavitt told reporters. &#8220;In addition to the jobs report beating expectations for the 4th month in a row under President Trump, the One Big, Beautiful Bill passed the House of Representatives and will be at the president&#8217;s desk for signature at a big, beautiful signing ceremony tomorrow at 5:00 p.m. on the 4th of July, just as the president always said and hoped it would be.&#8221;
&#8220;And despite the doubters and the panickins,&#8221; she added, &#8220;President Trump delivered win after win for the American people, and House Republicans and Senate Republicans delivered these wins with the passage of the One Big, Beautiful Bill into law.&#8221;
<div id="attachment_942833" style="width: 874px" class="wp-caption alignnone"><a href="https://www.dailywire.com/news/trump-will-sign-one-big-beautiful-bill-at-fourth-of-july-celebration/us-congress-bill-politics" rel="attachment wp-att-942833"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-942833" class="wp-image-942833 size-large" src="https://dw-wp-production.imgix.net/2025/07/GettyImages-2222675967-864x576.jpg" alt="" width="864" height="576" srcset="https://dw-wp-production.imgix.net/2025/07/GettyImages-2222675967-864x576.jpg 864w, https://dw-wp-production.imgix.net/2025/07/GettyImages-2222675967-300x200.jpg 300w, https://dw-wp-production.imgix.net/2025/07/GettyImages-2222675967-768x512.jpg 768w, https://dw-wp-production.imgix.net/2025/07/GettyImages-2222675967.jpg 1024w" sizes="(max-width: 864px) 100vw, 864px" /></a>US House Speaker Mike Johnson, Republican of Louisiana, speaks after the House passed the &#8220;Big Beautiful Bill Act&#8221; at the US Capitol in Washington, DC, on July 3, 2025.  (Photo by JEMAL COUNTESS/AFP via Getty Images)</div>
The White House is touting the bill&#8217;s passage as the biggest legislative win of the president&#8217;s two terms in office, promising that it will deliver the largest tax cut in American history. The bill also includes increased border security, higher wages, expanded Child Tax Credit, no tax on tips, no tax on overtime, no tax on Social Security, savings accounts for newborns, and more.
&#8220;Again and again,&#8221; the White House said in a Thursday afternoon release, &#8220;President Trump and Republicans fought and won for the American people.&#8221;
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&#8220;The pro-growth policies within this historic legislation are going to fuel an economic boom like we’ve never seen before,&#8221; Leavitt said in a Thursday statement. &#8220;President Trump looks forward to signing the One Big, Beautiful Bill into law to officially usher in the Golden Age of America.”
The B-2 pilots <a href="https://www.dailywire.com/news/pilots-who-bombed-iran-will-come-to-white-house-on-fourth-of-july?author=Mary+Margaret+Olohan&amp;category=News&amp;elementPosition=4&amp;row=0&amp;rowType=Vertical+List&amp;title=Pilots+Who+Bombed+Iran+Will+Come+To+White+House+On+Fourth+Of+July">who flew into Iran on a mission to bomb</a> the Iranian nuclear facilities will join Trump at the White House on Friday, The Daily Wire reported earlier this week. The White House celebration will also include a flyover by B-2 Spirit bombers, the jets that conducted the strikes on Iran earlier this month in Operation Midnight Hammer.
Trump is expected to speak at the event, and additional personnel from the base where the bombers were stationed (Whiteman Air Force Base in Missouri) will attend.

Republican National Convention: Day Four

Trump Will Sign One Big, Beautiful Bill At Fourth Of July Celebration

Karoline Leavitt

Reconciliation

U.S. House of Representatives

U.S. Senate

President Trump celebrated on Thursday the return to normalcy for the price of eggs, declaring they were “plentiful and inexpensive.”
Trump was responding to a tweet from Waffle House announcing that the 50-cent egg surcharge they had imposed for the last five months was officially off the menu.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Egg-cellent news…as of June 2, the egg surcharge is officially off the menu. Thanks for understanding! <a href="https://t.co/xXE6giZhRe">pic.twitter.com/xXE6giZhRe</a>
&mdash; Waffle House (@WaffleHouse) <a href="https://twitter.com/WaffleHouse/status/1940040194817696182?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&nbsp;
“We brought the price of Eggs back to what they were supposed to be,” President Trump exuberated on <a href="https://truthsocial.com/@realDonaldTrump/posts/114789968096151564">Truth Social</a>. “When I took over on January 20th, the Fake News was screaming that, ‘Egg prices have gone through the roof, quadrupled,’ they said. Now they’re plentiful, and inexpensive. ‘Thank you President Trump!’”
In early February, Waffle House <a href="https://www.usatoday.com/story/money/2025/02/04/waffle-house-50-cent-egg-surcharge/78211715007/">instituted</a> its egg surcharge, saying it was the result of the &#8220;continuing egg shortage caused by HPAI (Bird Flu)&#8221; that had triggered a &#8220;dramatic increase in egg prices. &#8230; Consumers and restaurants are being forced to make difficult decisions. Rather than increasing prices across the menu, this is a temporary targeted surcharge tied to the unprecedented rise in egg prices.&#8221;
According to the USDA, the price of a dozen eggs <a href="https://www.ams.usda.gov/mnreports/ams_3725.pdf">soared</a> nationally in March to $8.17; it has plummeted to $2.54.
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Almost exactly concurrent with the apex of egg prices, on February 26, U.S. Secretary of Agriculture Brooke L. Rollins <a href="https://www.usda.gov/about-usda/news/press-releases/2025/02/26/usda-invests-1-billion-combat-avian-flu-and-reduce-egg-prices">announced</a> a $1 billion comprehensive strategy to “curb highly pathogenic avian influenza (HPAI), protect the U.S. poultry industry, and lower egg prices.” The five-point plan <a href="https://www.wsj.com/opinion/agriculture-secretary-brooke-rollins-my-plan-to-lower-egg-prices-6be0f881">included</a> dedicating up to &#8220;$500 million to helping U.S. poultry producers implement gold-standard biosecurity measures,” making “$400 million of increased financial relief available to farmers whose flocks are affected by avian flu,” “exploring the use of vaccines and therapeutics for laying chickens,” removing “unnecessary regulatory burdens on egg producers where possible,&#8221; and considering “temporary import options to reduce egg costs in the short term.”
On June 26, Rollins <a href="https://www.usda.gov/about-usda/news/press-releases/2025/06/26/secretary-rollins-provides-update-bird-flu-strategy-egg-prices-continue-fall">gave an update</a> on the five-pronged strategy, saying, “After reaching a record high due to the Biden Administration’s lack of action, wholesale egg prices have now dropped 64%, with retail prices falling 27% from their peak earlier this year.”
“When President Trump entered office, the cost of eggs was at a record high, seriously denting consumers’ wallets after years of awful inflation,” she continued. “On my first day as Secretary, we got to work to implement a five-pronged strategy to improve biosecurity on the farm and lower egg prices on grocery store shelves. The plan has worked, and families are seeing relief with egg prices driving food deflation in the April Consumer Price Index.”

US-RETAIL-EARNINGS-WALMART

‘Plentiful And Inexpensive’: Trump Celebrates As Egg Prices Plummet

eggs

Food

grocery prices

Dozens of top staffers in the Trump administration are earning nearly $200,000 a year, with average pay hovering around $114,000 annually.
The Trump administration has far fewer staffers on the payroll compared to the Biden administration, however, average pay in the Trump White House is about $5,000 higher.
The highest paid White House staffer is Jacalynne B. Klopp, a senior adviser earning $225,700, <a href="https://www.financialexpress.com/world-news/us-news/white-house-salary-list-reveals-top-earners-here-is-how-much-president-trump-earns/3902044/">according</a> to the White House&#8217;s annual salary report. Following behind Klopp is Edgar Mkrtchian, associate counsel, who earns $203,645 per year.
Dozens of other staffers, including Chief of Staff Susie Wiles, Press Secretary Karoline Leavitt, Border Czar Tom Homan, Homeland Security Adviser Stephen Miller, and Trade Counselor Peter Navarro, each make $195,200.
President Joe Biden&#8217;s White House employed 564 people in 2024, compared to just over 400 under President Donald Trump. The average Trump White House staffer earns $114,194 per year, compared to $109,166 for Biden staffers.
Most deputy assistant positions make $155,000-$175,000, and presidential speechwriters earn between $92,500-$121,500 during Trump&#8217;s second term, <a href="https://www.axios.com/2025/07/02/white-house-salaries-trump-administration-2025?utm_source=chatgpt.com">per</a> Axios. More than 108 other employees earn between $59,000-$80,000.
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Some White House staffers under Trump do not receive compensation from the White House, including Secretary of State Marco Rubio, who holds a number of positions in the administration, including national security advisor. Rubio, like Special Envoy Steve Witkoff, receives pay from the State Department.
President Trump in theory receives an annual salary of $400,000, plus additional money for expenses, entertainment, and a redecorating allowance &#8212; totaling around $569,000. However, Trump donated his salary his first term in office.
His Quarter 1 salary during his first term, for example, was donated to the Department of Interior, specifically the National Park Service to aid in its goal of preserving our country’s national security, <a href="https://trumpwhitehouse.archives.gov/articles/president-donald-j-trump-donate-salary-department-education/">according</a> to the White House. <a href="https://www.aol.com/alligator-alcatraz-florida-everglades-photos-192012169.html">According</a> to Forbes, Trump donated at least $1.4 million to various federal agencies during that term.
Trump will donate his salary this term, too, <a href="https://www.foxnews.com/politics/white-house-reveals-highest-paid-staffers-8-taking-no-salaries">according</a> to Fox News.

White House Press Secretary Karoline Leavitt Holds Media Briefing

Here’s How Much Trump White House Staffers Are Making

U.S.

Washington D.C.

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