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In-depth analysis of the U.S. “Big and Beautiful” bill: controversies, impacts and responses!

发布时间:2025/07/01
作者:AB customer
阅读:625
类型:News

Late on June 28, the U.S. Senate voted 51 to 49 to pass a procedural vote aimed at advancing the "Big and Beautiful" bill. What is the U.S. "Big and Beautiful" bill? Why has it caused huge controversy across the United States? Once the bill is implemented, what specific impact will it have on the United States and the world?

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1. What is the US “Big and Beautiful” Act?

The "One Big Beautiful Bill Act" is a comprehensive fiscal bill promoted by the Trump administration. Its core content can be summarized as a combination of "tax cuts, welfare cuts, and military spending expansion" :

  1. Large-scale tax cuts : Lower tax rates for businesses and high-income groups to stimulate investment .

  2. Cuts to social security : Significant cuts to welfare programs like Medicaid and SNAP are expected to result in millions of people losing health insurance and nutrition assistance. .

  3. Increase military spending and energy subsidies : Strengthen defense spending and expand subsidies for the fossil energy industry .

  4. Raising the debt ceiling : adding $5 trillion in borrowing space, pushing the fiscal deficit to $3.9 trillion over the next decade (far exceeding the $3 trillion in the original House bill) .

The bill is 940 pages long and it took the Senate 16 hours just to read the text. , which was criticized by the Democrats as a gift from the rich to "rob the poor and help the rich" .

2. Why did it cause huge controversy across the United States?

The controversy focuses on three major contradictions:

1. Social fairness controversy :

Democrats accused the bill of "trading the poor's bread for the rich's yachts," cutting $1.2 trillion in welfare benefits to support tax cuts and exacerbating the gap between the rich and the poor. .

The Republican Party is divided, with two Republican senators turning against the bill and voting against it, and all the Democrats are among the 49 who voted against it. .

2. Questions about fiscal sustainability :

The Congressional Budget Office warned that the bill would cause the U.S. national debt to surge by $3.3 trillion over ten years, jeopardizing fiscal security. .

3. Programming game is heating up :

The Republicans won by a narrow margin of 51-49 thanks to a last-ditch vote (Senator Ron Johnson voted in favor). .

Democrats use "reading tactics" to delay and try to stimulate public opposition .

III. Specific Impacts on the United States and the World

(1) Mainland United States:

Economic level : It may stimulate corporate investment in the short term, but the long-term expansion of fiscal deficits may push up inflation and interest rates .

Social level : Welfare cuts may trigger protests from low-income groups, exacerbating social divisions .

Political level : If the bill is passed, Trump's approval rating may rise in the short term, but may rebound in the midterm elections .

2. Global shock waves:

1. Capital market turmoil :

The tax increase provisions affect non-US investors, which may weaken foreign confidence in US dollar assets and trigger capital outflows back to the US. .

Demand for safe-haven assets such as gold and US Treasuries is rising (e.g. Shanghai gold futures have already seen fluctuations) .

2. Escalation of trade frictions :

The bill implicitly includes additional tariffs on steel and aluminum, which will directly impact countries exporting to the US (such as China and the EU). .

3. Debt risk spillover :

Damage to the creditworthiness of U.S. Treasury bonds could push up global borrowing costs .

(3) Main areas of impact on my country:

1. Export manufacturing :

Steel, aluminum, and electromechanical products face higher tariff barriers, putting pressure on profits for companies exporting to the US .

2. Financial Markets :

Foreign investors may reduce their holdings of Chinese concept stocks (the bill increases the tax burden on overseas investment), and the inflow of foreign capital into Hong Kong and A-shares will slow down. .

3. Energy and technology competition :

US fossil fuel subsidies weaken my country's new energy price advantage; the technology war escalates with the injection of funds from the bill .

IV. my country's Response Strategy

1. Short-term countermeasures:

Imposing retaliatory tariffs on US agricultural products, automobiles, etc. to offset trade losses (referring to the experience of the 2018 trade war) .

2. Adjustment of the industrial chain:

Accelerate the "internal circulation" and expand diversified exports to ASEAN and the EU .

3. Financial defense:

Increase gold reserves to hedge against dollar risks; strictly control abnormal cross-border capital flows .

4.Technological breakthrough:

Increase subsidies for independent research and development of semiconductors and new energy to offset the squeeze from US policies .

Conclusion: A Big Gamble and a Global Chain Reaction

The "Big, Beautiful" bill is essentially a political gamble by Trump—using short-term economic stimulus to gain election leverage, but at the cost of overdrawing fiscal credit and tearing apart social consensus. It passed with a narrow margin (51:49). It is a microcosm of the polarization of American politics. For the world, if the bill is finally passed (it still needs a second vote in the House of Representatives), ), will force countries to restructure their trade and financial strategies. my country needs to adopt a "bottom-line approach" to respond, turning pressure into a driving force for technological upgrading and market diversification.

America's Big, Beautiful Act Interpretation of the US Big and Beautiful Act Impact of the Big, Beautiful Act Response to the US Big and Beautiful Act

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