Trapped ions offer long coherence times and high fidelity, programmable quantum operations, making them a promising platform for quantum simulation of condensed matter systems, quantum dynamics, and problems related to high-energy physics. We review selected developments in trapped-ion qubits and architectures and discuss quantum simulation applications that utilize these emerging capabilities. This review emphasizes developments in digital (gate-based) quantum simulations that exploit trapped-ion hardware capabilities, such as flexible qubit connectivity, selective mid-circuit measurement, and classical feedback, to simulate models with long-range interactions, explore non-unitary dynamics, compress simulations of states with limited entanglement, and reduce the circuit depths required to prepare or simulate long-range entangled states.