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MNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico

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

Executive summary:

  • US President-elect Donald Trump nominated retired general Keith Kellogg to serve as Assistant to the President and Special Envoy for Ukraine and Russia. Kellogg co-developed a hawkish plan for ending the war in Ukraine but is seen as less hostile to Kyiv than other options for the role.
  • Trump is considering tapping veteran regulator Paul Atkins to chair the Securities and Exchange Commission.
  • White House National Economic Advisor Lael Brainard said that yesterday’s third quarter GDP report shows the administration is, “making progress for working families.”
  • Trump and Mexican President Claudia Sheinbaum both characterised a call to discuss tariffs as positive, but gave slightly different accounts of plans to address migration at the US-Mexico border. 
  • Elon Musk, tasked with cutting federal bureaucracy alongside Vivek Ramaswamy, called for the ‘deletion’ of the Consumer Financial Protection Bureau.
  • House Speaker Mike Johnson (R-LA) is facing an increasingly fragile majority in the House of Representatives. Dozens of members are sizing up runs for higher office, and his one—to two-seat majority is contingent on factional power plays and attendance.
  • Biden administration is expected to call for USD$24 billion in supplemental funding for Ukraine and USD$114.7 billion in disaster relief funding to be attached to a Continuing Resolution to fund the government.
  • The Biden administration is weighing up additional controls on tech to China.  
  • Chart of the Day: The US-China trade relationship is "deeply imbalanced". 

Please find the full article attached below: US Daily Brief

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Executive summary:

  • US President-elect Donald Trump nominated retired general Keith Kellogg to serve as Assistant to the President and Special Envoy for Ukraine and Russia. Kellogg co-developed a hawkish plan for ending the war in Ukraine but is seen as less hostile to Kyiv than other options for the role.
  • Trump is considering tapping veteran regulator Paul Atkins to chair the Securities and Exchange Commission.
  • White House National Economic Advisor Lael Brainard said that yesterday’s third quarter GDP report shows the administration is, “making progress for working families.”
  • Trump and Mexican President Claudia Sheinbaum both characterised a call to discuss tariffs as positive, but gave slightly different accounts of plans to address migration at the US-Mexico border. 
  • Elon Musk, tasked with cutting federal bureaucracy alongside Vivek Ramaswamy, called for the ‘deletion’ of the Consumer Financial Protection Bureau.
  • House Speaker Mike Johnson (R-LA) is facing an increasingly fragile majority in the House of Representatives. Dozens of members are sizing up runs for higher office, and his one—to two-seat majority is contingent on factional power plays and attendance.
  • Biden administration is expected to call for USD$24 billion in supplemental funding for Ukraine and USD$114.7 billion in disaster relief funding to be attached to a Continuing Resolution to fund the government.
  • The Biden administration is weighing up additional controls on tech to China.  
  • Chart of the Day: The US-China trade relationship is "deeply imbalanced". 

Please find the full article attached below: US Daily Brief