Tracking Trump: The budget bill’s projected cost; steel tariffs double; CDC coronavirus adviser quits; and more

The 7 follows President Donald Trump’s second term, Today at 5:26 p.m. EDT

By Alec Dent

1

A report found that the GOP budget bill will add $2.4 trillion to the deficit.

Findings: An analysis from the nonpartisan Congressional Budget Office found that the budget bill would cut taxes by $3.75 trillion but add $2.4 trillion to the deficit over the next decade.

• Pushback: Republican leaders suggested that the CBO is biased or has a history of inaccuracy — claims we have fact-checked here and here.

2

Russia-Ukraine peace is not happening soon, according to President Donald Trump.

The latest: Russian President Vladimir Putin is planning to retaliate against Ukraine for drone strikes, Trump said after their phone call Wednesday.

• Stalled out: Talks between Russia and Ukraine have largely fallen apart, as Russia insists on international recognition of annexed Ukrainian land.

3

Tariffs on steel and aluminum doubled to 50 percent.

Background: Trump announced the higher tariff level during a visit with Pennsylvania steelworkers last week, promising it would “secure the steel industry in the U.S.”Effects: Economists say the fallout from the tariffs could be widely felt, as aluminum and steel are used in products such as household goods, cars and manufacturing machinery.

Read more: The 7 things to know about President Donald Trump for June 4, 2025 – The Washington Post

Source Links: https://www.washingtonpost.com/the-seven-trump/2025/06/04/what-to-know-about-donald-trump-/