MNI POLITICAL RISK - Trump Elaborates On Economic Plan

Executive Summary:

• Former President Donald Trump pledged to expand tariffs on foreign-made goods and cut the corporate tax rate from 21% to 15% for companies that make their products in the United States.
• Trump also endorsed a commission first proposed by Elon Musk that he claimed could save “trillions of dollars” and promised to lower interest rates.
• The judge presiding over Trump’s Manhattan case, in which he was found guilty on 34 counts of falsifying business records, will decide today whether to postpone sentencing until after the presidential election.
• Trump and Biden offered conflicting visions of the Inflation Reduction Act in speeches in Wisconsin and New York. Trump told the Economic Club of New York that he would rescind any “unspent” IRA funds should he win a second term.
• The White House described a USD$7.3 billion in IRA-funded clean energy initiatives announced by Biden yesterday as, “the largest investment in rural electrification since 1936 and the New Deal.”
• Treasury Secretary Janet Yellen said in a separate speech in North Carolina yesterday that eliminating the IRA's clean energy tax credits "would be a historic mistake."
• House Speaker Mike Johnson (R-LA) could release the final text of his short-term government funding measure today.
• Vice President Harris will reportedly meet with Teamsters President Sean O’Brien on September 16.
• The United States signed the first international treaty on artificial intelligence.
• Poll of the Day: Texas and Florida could be in play for Harris.

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