Daily Briefing: India eyes tariff edge over China

News Snapshot:

Good morning, An over 24-hour vote-a-rama, a fragile 50-50 split, and one tie-breaking vote. The passage of Donald Trump’s ‘One Big Beautiful Bill’ through the US Senate was nothing short of a thriller (though a lengthy one). It wasn’t clear until the end of the marathon debate whether the Bill would survive before US Vice President J D Vance cast the tie-breaking vote, passing the Republicans’ flagship bill 51-50. The Bill proposes massive tax cuts and reductions in social safety net programmes, including food and health. Essentially, it benefits the top 1 per cent of Americans. It also increases government...