More than 130 business owners from across the country attend the White House event, where Trump is expected to highlight tax wins from the "One Big Beautiful Bill."

President Donald Trump is set to host a small business summit at the White House on Monday, highlighting what the administration says are major economic gains for small business owners.

It comes one day after he said the U.S. will assist in freeing ships in the Strait of Hormuz, a key waterway for the oil industry, which has been closed during the conflict with Iran.