MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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MNI POLITICAL RISK - Trump Hosts Rutte Amid NATO Uncertainty

Daily round-up of news from the US.
USStoryPolitical RiskNorth America

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Executive summary:

  • President Donald Trump will host NATO Secretary General Mark Rutte at the White House today. The pair are not scheduled to appear for a joint press conference, but reporters will be present at the top for a Q&A at around 12:20 ET 16:20 GMT.
  • Trump announced a 200% tariff on EU alcoholic beverages in response to the bloc's countermeasures against his 25% global metals tariff.
  • Commerce Secretary Howard Lutnick and USTR Jamieson Greer will meet today with Canadian officials angling for an offramp to this week’s trade war escalation.
  • The chance of a government shutdown ticked up after Senate Minority Leader Chuck Schumer (D-NY) said Democrat senators should withhold their votes from the House-passed full-year funding measure.
  • Bipartisan critics of the Senate Republican plan to use a “current policy baseline” to extend the 2017 TJCA warn the move could break the Senate and balloon the national debt.
  • The White House director of legislative affairs said the White House is open to raising the debt limit outside of budget reconciliation.
  • The Senate Banking Committee will mark up its first cryptocurrency bill.
  • Trump is set to nominate Michelle Bowman as Wall Street's 'top cop'.
  • Secretary of State Marco Rubio is in for a frosty reception at a G7 meeting in Canada today.
  • Senate Republicans expressed doubt that Russia will back the Ukraine ceasefire framework.
  • Poll of the Day:48% of Americans think the economy is getting worse.

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump will host NATO Secretary General Mark Rutte at the White House today. The pair are not scheduled to appear for a joint press conference, but reporters will be present at the top for a Q&A at around 12:20 ET 16:20 GMT.
  • Trump announced a 200% tariff on EU alcoholic beverages in response to the bloc's countermeasures against his 25% global metals tariff.
  • Commerce Secretary Howard Lutnick and USTR Jamieson Greer will meet today with Canadian officials angling for an offramp to this week’s trade war escalation.
  • The chance of a government shutdown ticked up after Senate Minority Leader Chuck Schumer (D-NY) said Democrat senators should withhold their votes from the House-passed full-year funding measure.
  • Bipartisan critics of the Senate Republican plan to use a “current policy baseline” to extend the 2017 TJCA warn the move could break the Senate and balloon the national debt.
  • The White House director of legislative affairs said the White House is open to raising the debt limit outside of budget reconciliation.
  • The Senate Banking Committee will mark up its first cryptocurrency bill.
  • Trump is set to nominate Michelle Bowman as Wall Street's 'top cop'.
  • Secretary of State Marco Rubio is in for a frosty reception at a G7 meeting in Canada today.
  • Senate Republicans expressed doubt that Russia will back the Ukraine ceasefire framework.
  • Poll of the Day:48% of Americans think the economy is getting worse.

Please find the full article attached below: US DAILY BRIEF