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The One Big Beautiful Bill Act and Its Impact on China
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作者 ZHANG Jingjing WANG Luobin ZHANG Yushu 《China Forex》 2025年第3期53-57,共5页
On July 4,US President Donald Trump signed the One Big Beautiful Bill(OBBB)Act into law.Its core provisions are outlined as follows.In aggregate,the Act will expand the primary deficit by US$3.4 trillion and increase ... On July 4,US President Donald Trump signed the One Big Beautiful Bill(OBBB)Act into law.Its core provisions are outlined as follows.In aggregate,the Act will expand the primary deficit by US$3.4 trillion and increase interest payments by US$0.7 trillion over the next 10 years.Specifically,the Act mandates this net US$3.4 trillion rise in the primary deficit over the decade-a figure corroborated by the Congressional Budget Office(CBO),which attributes it to a combination of measures:US$4.5 trillion in tax cuts. 展开更多
关键词 obbb Act tax cuts primary deficit expand primary deficit One Big Beautiful Bill Act interest payments Congressional Budget Office
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