NEW: The U.S.-China Currency Clash – A Battle for Economic Supremacy
The US House of Representatives narrowly passed President Donald Trump’s major tax cuts and spending cuts bill by a 218-214 vote, with two Republicans joining all Democrats in opposition. The nearly 900-page bill combines multiple GOP priorities into what Trump calls his “one big beautiful bill.” Democratic leader Hakeem Jeffries delayed voting for over eight hours with a record-breaking speech against it. The bill marks a significant legislative win for Trump’s second term, and he plans to sign it on Friday at the White House.
“I want to thank Republican congressmen and women, because what they did is incredible.”
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Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
Trend dynamics for CIMB are turning constructive, with improving momentum.
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