MNI POLITICAL RISK ANALYSIS - US Daily Brief 05-04-23

Executive Summary:

• Former President Donald Trump was charged yesterday with 34 counts of falsifying business records related to hush-money payments made around the time of the 2016 election.
• JP Morgan Chase Chairman Jamie Dimon has warned shareholders that the crisis sparked by the collapse of Silicon Valley Bank is “not yet over,” but struck an optimistic tone that the structural problems of 2008 are not repeated in the current crisis.
• Trade ministers of the G7 met virtually yesterday to discuss issues related to export controls as China raises concerns with the World Trade Organisation for a second time.
• House Speaker Kevin McCarthy (R-CA) and a bipartisan group of lawmakers will host Taiwan President Tsai ing-Wen for a politically sensitive meeting in California today.
• Former Secretary of State Mike Pompeo, a potential Republican presidential candidate for 2024, travelled to Kyiv yesterday to stake out a pro-Ukraine position.
• The United States has announced it will provide Ukraine with an additional USD$2.6 billion in military aid ahead of an expected spring offensive.
• President Biden said in a statement yesterday "I am proud to welcome Finland as NATOs 31st Ally," as the NATO foreign ministerial continues in Brussels.
• President Biden will travel to the United Kingdom and Ireland from April 11-14 but will not attend the Coronation of King Charles III on May 6.
• House Speaker Kevin McCarthy (R-CA) and Minority Leader Hakeem Jeffries (D-NY) will both travel to Israel this month.
• Poll of the Day: Republican Governor Ron DeSantis (R-FL) appears to be the biggest loser from the Trump indictment.

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