Stocks eye fresh highs as tax cuts advance in Senate while Trump balks at extending tariff deadline

Stocks eye fresh highs as tax cuts advance in Senate while Trump balks at extending tariff deadline


U.S. markets are poised for new highs as President Donald Trump’s legislative agenda of tax cuts and spending priorities cleared a key hurdle in the Senate, even as he also cast doubt on trade talks. The House of Representatives also must approve the Senate’s version of the bill before it can go the White House for Trump’s signature. The tax cuts are a key factor in Wall Street’s forecasts for the economy and financial markets, predicting a boost that will help offset a drag from Trump’s tariffs.

Author: Jason Ma


Published at: 2025-06-29 22:32:00

Still want to read the full version? Full article