K-Co News+ “One Big Beautiful Bill Act” Seems Promising for High-Income Earners and Business Owners; Minimal Changes for W-2 Employees With the bill passing through the House of Representatives on May 22, 2025, it is now under Senate review. We see the first iteration as the bones of the tax bill, which will have modest adjustments before it is enacted as law. This note highlights provisions of the bill that benefit high-income earners and small business owners. Tariffs Trump Delays EU Tariffs to July 9 U.S. and European Union financial markets saw an uptick in positive reactions for the tariff delay. Markets U.S. Loses Last Triple-A Credit Rating Moody’s downgraded the United States' sovereign credit rating from Aaa to Aa1, marking the first time since 1917 that the U.S. lacks a top-tier rating from any major credit agency. Asia Economy China Exports to U.S. Drops Due to Tariffs Indicators show tariffs are weighing on the Chinese economy. The Economy U.S. Consumer Sentiment Down 31% Since January 2025 Tariff war and rising cost are weighing down on how U.S. consumers view the economy and their bleak outlook on what to expect in the foreseeable future. Dems and Independents sentiment is lowest. Tariffs Volume II: The Automobile Industry Case Study K-Co News+ In our last tariff note, we gave our opinion on how leveraging tariff as a form of foreign policy could improve U.S. GDP. K-Co Learn concluded that if the administration could shore up domestic supply chain, the Trump Administrations’s tariff strategy could succeed. This note provides you with a case study on real-time movements in the automobile industry. Tesla Net Income Falls 71% in First Quarter Consumer sentiment toward’s Musk’s and his federal influence with DOGE is facing backlash with stalled growth in key markets within the U.S. and across the globe. Federal Reserve to Hold Interest Rates Steady Amid Inflation and GDP Concerns “If the economy remains robust at inflation does not sustainably move forward 2%, we will maintain policy restraint for an extended period.” - Federal Reserve Chair Jerome Powell Home Sales in March Fell 5.9% Month-over-Month, Amid Economic Uncertainty The Economy K-Co News+ Introducing GENIUS Act and Its Implications on U.S. Stablecoins This note will provide an overview of the bill and its importance to the U.S. crypto industry. You will learn what a stablecoin is, its use, and the proposed regulatory framework behind the cryptocurrency. More K-Co News+ K-Co News+ Are Tariffs Effective Long Term? Well, It Depends… In this note, we discuss the history of American tariffs, their efficacy, and what to expect regarding the long-term impact of Trump’s recent tariff strategy. Former President Trump Proposed Tax Plan In our second note for our 2024 Election Series we are presenting you with the facts of Former President Donald Trump tax proposal so that you make the best informed decision at the ballot.