March 07, 2025 13:23 GMT
MNI POLITICAL RISK - Trump Admin Refocuses On April 2 Tariffs
Daily round-up of news from the US.
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Executive summary:
- President Donald Trump will hold an executive order signing ceremony in the Oval Office at 14:30 ET 19:30 GMT before delivering remarks to open the White House’s Digital Assets Summit at 15:00 ET 20:00 GMT.
- Trump announced yesterday that Mexico and Canada would be given a month-long reprieve from a 25% tariff for goods covered by the USMCA free trade agreement. We have a full summary of tariff action inside.
- Treasury Secretary Scott Bessent gave some clues about Trump’s long-term trade strategy in a speech to the Economic Club of New York.
- Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.
- The implied probability of a government shutdown dipped slightly after House Speaker Mike Johnson (R-LA) expressed confidence that his conference can pass a government funding measure on Tuesday.
- Trump appears to have moved to curtail Elon Musk’s power to unilaterally cut government spending.
- Trump's special envoy Steven Witkoff said US and Ukrainian delegations will meet in Saudi Arabia next week to discuss "a framework for a peace agreement and an initial ceasefire".
- A US decision to negotiate directly with Hamas has strained relations with Israel.
- Treasury Secretary Scott Bessent said the administration’s ‘maximum pressure’ campaign on Iran is “designed to collapse its already buckling economy.”
- Poll of the Day: A bipartisan majority of Americans are concerned that tariffs will raise prices of consumer goods.
Please find the full article attached below: US DAILY BRIEF
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