The “One Big Beautiful Bill Act,” signed into law by President Trump on July 4, has garnered support from various trade organizations for its business-friendly measures, including maintaining the corporate tax rate at 21% and increasing tax deductions and depreciation rates for businesses. Key provisions also include the elimination of the de minimis exemption for low-value imports, aimed at protecting American manufacturers. Leaders from multiple sectors have praised the bill for its potential to revitalize the economy, support job growth, and enhance competitiveness in manufacturing and other industries.

Source: https://www.supplychaindive.com/news/trump-one-big-beautiful-bill-supply-chain-management-industry-praise/752479/