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MNI POLITICAL RISK - Johnson Tees Up Tuesday Govt Funding Vote

Daily round-up of news from the US.
USNorth AmericaHomepageStoryPolitical Risk

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Executive summary:

  • President Donald Trump yesterday refused to rule out a recession: “I hate to predict things like that. There is a period of transition, because what we’re doing is very big.” The comments are the latest from the administration preparing markets for a short-term shock from Trump's trade agenda.
  • Treasury Secretary Scott Bessent said Friday that Trump’s economic recalibration will prompt “an adjustment.” But added: “We’ll see whether there’s pain.” NEC Director Kevin Hasset said “trade policy uncertainty” will be resolved in early April.
  • Chinese retaliatory tariffs on US agricultural imports took effect today. Incoming Canadian Prime Minister Mark Carney said: "Canada never, ever will be part of America in any way, shape or form". EU Trade Commissioner Maroš Šefčovič said the US “does not seem to be engaging in reaching a trade deal with EU”.
  • House Speaker Mike Johnson (R-LA) is eyeing a Tuesday vote on a stopgap government funding measure to avert a shutdown on Friday.
  • Wall Street is starting to take seriously the idea that Trump is seeking a new currency accord.
  • Republicans will meet today for extended discussion on Trump's tax agenda. Trump may attempt, for the second time, to close the carried interest rule.
  • US and Ukrainian officials will meet in Saudi Arabia tomorrow to discuss a "peace framework".
  • Poll of the Day: Europeans support backing Ukraine with or without the US. 

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump yesterday refused to rule out a recession: “I hate to predict things like that. There is a period of transition, because what we’re doing is very big.” The comments are the latest from the administration preparing markets for a short-term shock from Trump's trade agenda.
  • Treasury Secretary Scott Bessent said Friday that Trump’s economic recalibration will prompt “an adjustment.” But added: “We’ll see whether there’s pain.” NEC Director Kevin Hasset said “trade policy uncertainty” will be resolved in early April.
  • Chinese retaliatory tariffs on US agricultural imports took effect today. Incoming Canadian Prime Minister Mark Carney said: "Canada never, ever will be part of America in any way, shape or form". EU Trade Commissioner Maroš Šefčovič said the US “does not seem to be engaging in reaching a trade deal with EU”.
  • House Speaker Mike Johnson (R-LA) is eyeing a Tuesday vote on a stopgap government funding measure to avert a shutdown on Friday.
  • Wall Street is starting to take seriously the idea that Trump is seeking a new currency accord.
  • Republicans will meet today for extended discussion on Trump's tax agenda. Trump may attempt, for the second time, to close the carried interest rule.
  • US and Ukrainian officials will meet in Saudi Arabia tomorrow to discuss a "peace framework".
  • Poll of the Day: Europeans support backing Ukraine with or without the US. 

Please find the full article attached below: US DAILY BRIEF