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Trump Signs "Big, Beautiful Bill" as Tariff Deadline Looms

  • On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill into law, resetting U.S. energy policy to 2019 pre-pandemic conditions.
  • Prompted by a divided GOP, the bill faced a rocky Congress passage, requiring VP Vance's tie-breaking vote and a side deal by Thune and Murkowski to secure support.
  • FTI Consulting forecasts natural gas and nuclear as top winners, with 20-year high gas expansion and funding rescinded for climate programs.
  • Following the signing, oil, gas, nuclear, and coal industries celebrate a return to boom times; the Clean Vehicle Credit ends after September 2025, worth up to US$7,500.
  • In the long term, the One Big Beautiful Bill Act resets U.S. energy policy to 2019 levels, relying on tariffs to replace tax revenue, shaping future economic strategies.
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読売新聞オンライン broke the news in Japan on Sunday, July 6, 2025.
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