Trump's One Big Beautiful Bill Act eliminates the $200 fee that gun owners are charged when purchasing silencers and short-barreled rifles, but it remains in effect for machine guns and explosive devices.

In a speech from the White House balcony facing the South Lawn, Trump thanked Republican lawmakers who helped usher the bill to his desk. He touted the tax cuts in the bill, brushing aside criticism of the impact to social programmes such as food assistance and Medicaid.

U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally.