He added that BRICS-aligned nations will face an additional 10% tariff.
After days of Republican drama, the House on Thursday passed President Donald Trump's sweeping tax cut and spending bill.
Trump helped Speaker Mike Johnson pressure GOP holdouts into flipping their no votes to allow the measure to go forward in time to meet the president's self-imposed July Fourth deadline.
President Trump posted on social media Thursday morning saying, "what a great night it was," after lawmakers worked to get his spending bill closer to the finish line on Capitol Hill.
"One of the most consequential Bills ever. The USA is the "HOTTEST" Country in the World, by far!!!" Trump added in his post about the legislation as it cleared hurdles to being passed.
-ABC News' Michelle Stoddart
House Democratic leader Hakeem Jeffries continued his speech on Thursday morning -- five hours and counting.
Each time the lawmaker from New York builds a crescendo to emphasize his message, his Democratic colleagues are cheering him on -- interrupting his speech with repeated standing ovations.
Jeffries brought up Sen. Lisa Murkowski's comments after she voted to pass the bill in the Senate on Tuesday.
The Alaska Republican said she was not happy with the bill and it was a hard vote. She also said the bill needed work "across the chambers" and it was "not ready for the president's desk."
Jeffries slammed Murkowski on Thursday.
"This should not be a hard vote Senator Murkowski, this should be a hell no vote," he said.
-ABC News' John Parkinson and Lauren Peller
President Trump is going to talk with Russian President Vladimir Putin at 10 a.m. on Thursday, he said in a post on his social media platform Truth Social.
Trump last spoke to his counterpart on June 14, when he said on social media that Putin called to wish him a happy 79th birthday.
The call also comes just days after the Trump administration paused the shipment of some key weapons to Ukraine.
-ABC News' Michelle Stoddart
"I've been given 15 minutes each on a bill of such significant magnitude as it relates to the health, the safety and the well being of the American people and because that debate was so limited, I feel the obligation, Mr. Speaker, to stand on this House floor and take my sweet time to tell the stories and that's exactly what I intend to do," House Democratic leader Hakeem Jeffries said as he continues to make a "magic-minute" speech -- a procedure that grants members of House leadership unlimited time to speak after debate on a bill has concluded.
"This reckless Republican budget is an immoral document," he said, sparking applause from Democrats seated behind him.
Much of Jeffries' focus remains on the bill's impact on health care, as it's projected to result in millions of people losing Medicaid coverage.
"People will die. Tens of thousands, perhaps year after year after year, as a result of the Republican assault on the healthcare of the American people. I'm sad. I never thought I would be on the House floor saying, 'this is a crime scene,'" he said.
