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MNI POLITICAL RISK - Trump Maintains Ambiguity On Tariff Plans

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

Executive summary:

  • President Donald Trump will depart Washington D.C. today for the first time since his return to the White House, surveying storm damage in North Carolina and wildfire damage in California.
  • Trump delivered a blockbuster WEF address, outlining his 'carrot-and-stick' approach to redressing trade imbalances. Trump suggested that the lowest corporation tax of a large country "by far” would incentivise foreign companies to shift operations to the US but warned, "if you don’t make your product in America… you will have to pay a tariff". 
  • Trump called on central bankers to lower interest rates and ramped up pressure on the Fed in Oval Office remarks.
  • Trump signed more executive orders, including establishing working groups for digital assets and AI.
  • A federal judge called Trump’s order to deny birthright citizenship “blatantly unconstitutional,” appearing to support a theory that Trump’s strategy is to ‘flood the zone’ with so many executive orders that Democrats are overwhelmed with litigation.
  • Speaker Mike Johnson (R-LA) hopes to finalise a “blueprint” for the GOP’s reconciliation agenda next week, but Republicans are yet to settle on a strategy for raising the debt limit and extending government funding.
  • Republicans are eyeing up to USD$2T in cuts to fund Trump's agenda.
  • The Senate is expected to confirm Pete Hegseth as Defense Secretary today.
  • Trump may be willing to test diplomacy with Iran before resorting to 'maximum pressure'.
  • Chart of the Day:Americans are tepid on a 25% tariff on Canada and Mexico.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • President Donald Trump will depart Washington D.C. today for the first time since his return to the White House, surveying storm damage in North Carolina and wildfire damage in California.
  • Trump delivered a blockbuster WEF address, outlining his 'carrot-and-stick' approach to redressing trade imbalances. Trump suggested that the lowest corporation tax of a large country "by far” would incentivise foreign companies to shift operations to the US but warned, "if you don’t make your product in America… you will have to pay a tariff". 
  • Trump called on central bankers to lower interest rates and ramped up pressure on the Fed in Oval Office remarks.
  • Trump signed more executive orders, including establishing working groups for digital assets and AI.
  • A federal judge called Trump’s order to deny birthright citizenship “blatantly unconstitutional,” appearing to support a theory that Trump’s strategy is to ‘flood the zone’ with so many executive orders that Democrats are overwhelmed with litigation.
  • Speaker Mike Johnson (R-LA) hopes to finalise a “blueprint” for the GOP’s reconciliation agenda next week, but Republicans are yet to settle on a strategy for raising the debt limit and extending government funding.
  • Republicans are eyeing up to USD$2T in cuts to fund Trump's agenda.
  • The Senate is expected to confirm Pete Hegseth as Defense Secretary today.
  • Trump may be willing to test diplomacy with Iran before resorting to 'maximum pressure'.
  • Chart of the Day:Americans are tepid on a 25% tariff on Canada and Mexico.

Please find the full article attached below: US Daily Brief