Trump signs the Great America Beautiful Act, U.S. deficit may increase by $1.3 trillion over the next decade.

[Coin World] On July 4, Trump officially signed the "Great Beauty Act," which will increase the fiscal deficit in the future, but part of the deficit can be hedged through tariff revenues; the act will contribute less than 0.5 percentage points to the actual GDP in 2026 and will not raise inflation by more than 0.15 percentage points; over the next decade, the combination of U.S. tariffs and tax cuts will increase the net deficit by approximately $1.3 trillion, with the deficit rate maintained around 6%; given the current low unemployment rate, moderate inflation, and healthy private sector balance sheets, there is no urgent risk to U.S. government debt.