MNI POLITICAL RISK ANALYSIS - US Daily Brief 16-01-23

Executive Summary:

• Democrats have expressed frustration that the story of President Biden’s mishandled documents has derailed a strong start to the year.
• Japanese Prime Minister Fumio Kishida said Japan would deliberate on how best to responsibly manage the trade of semiconductors but declined to disclose if Japan would sign onto the Biden administration’s export controls on China.
• Rep Pat Fallon (R-TX) has filed articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, a key target of House Republicans, over allegations that he lied about “securing the southern border.”
• Rep Don Bacon (R-NE) says that Republicans and Democrats must both offer flexibility to avoid a crisis in negotiations over the debt ceiling.
• US Treasury Secretary Janet Yellen will meet her Chinese counterpart, Vice Premier Liu He, in Switzerland on Wednesday to offer views on economic development and maintain lines of communication.
• US Trade Rep Katherine Tai will head the US delegation at the World Economic Forum in Davos, Switzerland this week which is expected to focus on the war in Ukraine, protectionism, and tensions between the US and China.
• Assistant USTR Terry McCartin is in Taiwan for four days of negotiations on a proposed trade deal.
• Poll of the Day: Americans are pessimistic about the prospect of bipartisan cooperation over the next two years.

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