Dollar Eases After Trump’s Tax Bill Clears Final Hurdle
The dollar trimmed earlier gains against the euro and yen on Friday following the passage of President Trump’s signature tax cut bill. Market reactions were mixed as pressure grew on countries to negotiate trade deals with the U.S., highlighting investor caution amid shifting economic and geopolitical dynamics.
U.S. Tax Bill Could Add $3 Trillion to Deficit, Risking Fed Independence
The U.S. tax and spending bill passed on July 3 is projected to increase the national deficit by over $3 trillion in the next decade. Economists warn that if debt levels continue rising unchecked, it could trigger a slow-motion debt spiral and potentially threaten the Federal Reserve’s long-term independence.
Trump: U.S. to Notify Countries of Tariffs, Shifting from Bilateral Deals
President Trump announced that Washington will begin sending formal letters to countries outlining the specific tariff rates they will face on exports to the U.S. The move signals a departure from previous promises of negotiating numerous individual trade deals, marking a more unilateral approach to U.S. trade policy.
Trump Open to Allowing Migrant Laborers to Stay if Farmers Vouch for Them
President Trump stated he is open to allowing migrant laborers to remain in the U.S. if the farmers who employ them are willing to vouch for their presence. The proposal aims to balance immigration enforcement with agricultural labor needs, addressing concerns from the farming sector over potential labor shortages.
Russia Becomes First Country to Recognize Taliban Government in Afghanistan
Russia has officially recognized the Taliban government, becoming the first country to do so since their return to power in August 2021. Moscow accepted the credentials of Afghanistan’s new ambassador. Russia’s Foreign Ministry stated the move will enhance bilateral cooperation. Relations have gradually strengthened since the U.S. withdrawal from Afghanistan.
PM Shehbaz Sharif Meets President Ilham Aliyev at 17th ECO Summit
On July 4, 2025, Prime Minister Muhammad Shehbaz Sharif held talks with Azerbaijan’s President Ilham Aliyev on the sidelines of the 17th ECO Summit in Khankendi. The leaders discussed enhancing regional cooperation, trade, and economic development among member states to promote stability and growth in Eurasia.
Azerbaijan’s President Ilham Aliyev Welcomes PM Shehbaz Sharif at 17th ECO Summit
President Ilham Aliyev of Azerbaijan warmly received Prime Minister Muhammad Shehbaz Sharif upon his arrival for the 17th Economic Cooperation Organization (ECO) Summit in Khankendi. The summit aims to boost regional collaboration and economic development among member countries, strengthening ties across Eurasia.
PM Shehbaz Sharif Meets Iran’s Dr. Masoud Pezeshkian at 17th ECO Summit
Prime Minister Muhammad Shehbaz Sharif held a key meeting with Iran’s President Dr. Masoud Pezeshkian on the sidelines of the 17th ECO Summit in Khankendi, Azerbaijan. The discussion focused on strengthening bilateral ties, regional cooperation, and enhancing trade between Pakistan and Iran.
Trump Hails ‘Big, Beautiful Bill’ Ahead of July 4th Iowa Rally
President Trump praised the recent passage of the “big, beautiful bill” before launching July Fourth weekend at the Iowa State Fairgrounds. Speaking to supporters, he emphasized the bill’s importance for America’s future, energizing the crowd ahead of Independence Day celebrations and reinforcing his commitment to national growth and unity.
Trump Rallies Iowans with Patriotic Pledge at Salute to America Event
President Donald J. Trump launched Independence Day celebrations at the Iowa State Fairgrounds with the Salute to America event. Amid roaring “USA” chants, Trump promised to restore America’s greatness, tying the moment to the America250 kickoff. The energized crowd welcomed his call for unity, strength, and renewed national pride.