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President Trump's tax bill, projected to increase the U.S. national debt by $3 trillion to $5 trillion, is causing market turmoil. This has led to rising Treasury yields, impacting bond and stock prices. Investors are concerned about the increased borrowing costs for companies and consumers. The sell-off reverses a recent market rally, unlike the temporary tariff situation, which Trump can unilaterally influence. This tax bill requires Congressional approval, making a quick resolution less likely.

Prepared by Christopher Adams and reviewed by editorial team.