MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

BOC'S MENDES SEES US TARIFF INFLATION RISKS AS TWO-SIDED

MNI: BOC Sees More Rate Cuts If Economy Evolves As Expected

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wedesday

EZ/UK Bond Supply Calendar: Italy, Finland Auction on Thursday

MNI: US OCT NEW HOME SALES -17.3% TO 0.610M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI POLITICAL RISK - Trump Initiates Tariff Negotiations

Daily round-up of news from the US.
StoryPolitical Risk

Executive summary:

  • US President-elect Donald Trump fired the starting gun on tariff negotiations yesterday, declaring that he will slap a baseline 25% tariff on all goods imported from Mexico and Canada on day one of his presidency. By linking the tariffs to national security, Trump can likely tap sufficient power through the International Emergency Economic Powers Act to impose the tariffs without Congressional approval.   
  • Senator Joni Ernst (R-IA) sent a letter to Elon Musk and Vivek Ramaswamy outlining proposals to cut government spending - one of the first major plays from a high-profile lawmaker supporting the pair’s Department of Government Efficiency.
  • Trump is considering naming a White House Artificial Intelligence czar to coordinate federal policy and governmental use of the emerging technology.
  • House Speaker Mike Johnson (R-LA) appears to be warming on a Continuing Resolution to punt government funding into mid-March.
  • The Commerce Department announced the final terms of a grant of up to $7.865 billion in direct funding for Intel.
  • Trump’s transition team is preparing to lift Biden's moratorium on natural gas export permits as part of his 'day one' executive order package.
  • Japanese Prime Minister Shigeru Ishiba called on President Biden to approve Nippon Steel's acquisition of US steel.
  • Israel appears set to approve a US- and France-broker ceasefire agreement with Hezbollah in Lebanon.
  • Poll of the Day:Americans’ confidence in the economy has improved since the election. 

Please find the full article attached below: US Daily Brief

233 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Executive summary:

  • US President-elect Donald Trump fired the starting gun on tariff negotiations yesterday, declaring that he will slap a baseline 25% tariff on all goods imported from Mexico and Canada on day one of his presidency. By linking the tariffs to national security, Trump can likely tap sufficient power through the International Emergency Economic Powers Act to impose the tariffs without Congressional approval.   
  • Senator Joni Ernst (R-IA) sent a letter to Elon Musk and Vivek Ramaswamy outlining proposals to cut government spending - one of the first major plays from a high-profile lawmaker supporting the pair’s Department of Government Efficiency.
  • Trump is considering naming a White House Artificial Intelligence czar to coordinate federal policy and governmental use of the emerging technology.
  • House Speaker Mike Johnson (R-LA) appears to be warming on a Continuing Resolution to punt government funding into mid-March.
  • The Commerce Department announced the final terms of a grant of up to $7.865 billion in direct funding for Intel.
  • Trump’s transition team is preparing to lift Biden's moratorium on natural gas export permits as part of his 'day one' executive order package.
  • Japanese Prime Minister Shigeru Ishiba called on President Biden to approve Nippon Steel's acquisition of US steel.
  • Israel appears set to approve a US- and France-broker ceasefire agreement with Hezbollah in Lebanon.
  • Poll of the Day:Americans’ confidence in the economy has improved since the election. 

Please find the full article attached below: US Daily Brief