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How Trump bill could cede US global market shares to China | DW News

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In a stunning turn of events, the U.S. House of Representatives has narrowly passed Donald Trump’s controversial “big beautiful bill” just in time for Independence Day. This sweeping legislation promises massive tax breaks but at a grave cost: deep cuts to the social safety net and a dramatic rollback of renewable energy initiatives. As Republicans celebrate, critics warn that this bill could cede crucial global market shares to China, particularly in the burgeoning electric vehicle sector.

The bill’s provisions favor the fossil fuel industry, slashing tax credits for wind, solar, and electric vehicles, while simultaneously ramping up funding for immigration crackdowns. Experts predict that these cuts will not only slow the deployment of renewable technologies but also significantly undermine U.S. competitiveness against China, which has become a leader in the EV market through state-supported initiatives.

Protests erupted across the nation, with demonstrators in Vienna, Virginia, voicing their fears that the bill will have dire consequences for vulnerable populations, particularly children and the elderly. As 17 million Americans stand to lose health coverage and numerous Planned Parenthood centers face closure, public outrage is palpable. A recent poll revealed that 59% of Americans oppose the bill, with a staggering 75% of independents fearing personal harm from its implementation.

Critics argue that the legislation prioritizes cultural battles over economic viability, effectively kneecapping industries vital for America’s future. The ramifications of this bill could reshape the political landscape, as many who voted for Trump may soon feel the sting of these cuts. As the clock ticks down to the midterms, the question remains: will Americans hold their leaders accountable for this drastic shift in policy? The stakes couldn’t be higher.

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