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MNI POLITICAL RISK - The Rift Between The US And Israel Widens

Executive Summary:

  • The rift between the US and Israel has widened after a US State Department report to Congress suggested that Israel may have violated international law during their military operation in Gaza.
  • The report concluded that Israel remains eligible to receive US military aid, putting President Biden in a political bind as he seeks to distance the administration from an IDF military operation in Rafah but maintain US assurances for the defence of Israel.
  • President Biden is expected to quadruple tariffs on Chinese electric vehicles at a White House event on Tuesday. The new measures would extend and further entrench the tariff regime established during former President Donald Trump’s first term and foreshadow an election campaign in which both candidates are likely to stake out a largely unified, hawkish position on China trade policy.
  • US and Chinese officials will meet in Geneva on Tuesday to hold their first high-level talks on the risks of artificial intelligence.
  • Trump has nixed rumours that his campaign may tap up former presidential candidate Nikki Haley as his running mate.
  • Trump is back in the Manhattan courtroom today to continue the ‘hush money’ trial, with key prosecution witness, Michael Cohen, expected to take the stand.
  • An investigation from the New York Times and ProPublica has found that Trump could owe the IRS more than USD$100 million for an accounting manoeuvre on his Chicago tower.
  • Poll of the Day: Trump leads Biden in five out of six crucial battle ground states.

Please find the full article attached below:

MNIPOLRISKUSDaily130524.pdf

Political Market NewsPolitical Risk
Political Market NewsPolitical Risk

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