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MNI POLITICAL RISK-Trump Teases Reciprocal Tariff Announcement

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

Executive summary:

  • US President Donald Trump is expected to unveil ‘reciprocal tariffs’ today ahead of a bilateral meeting with Indian Prime Minister Narendra Modi. The announcement is likely to come at an Executive Order signing ceremony scheduled for 13:00 ET 18:00 GMT. These sessions tend to include major market-moving news and a lengthy back-and-forth with the press.
  • Although Trump and Modi have a strong personal relationship, India is firmly in Trump’s tariff crosshairs. Trump is likely eyeing closer cooperation with Delhi on defence to address both the trade deficit and Indo-Pacific security concerns. 
  • The House Budget Committee will begin marking up a budget resolution resolution today to underpin 'one big beautiful bill' to legislate Trump's agenda. Discharging the resolution from the Budget committee will be the first major test of House Speaker Mike Johnson's (R-LA) and President Trump's influence over Republican deficit hawks. 
  • House Republican leaders are likely to pursue a short-term government funding measure to avert a government shutdown on March 14.
  • The Trump administration outlined in stark detail how it views its position with regards to defending European security and the future of the war in Ukraine.
  • Israel could attempt a strike on Iran’s nuclear programme in the coming months, according to US intelligence cited by the Washington Post.
  • Poll of the Day:Democrats want to see their party become more moderate.

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • US President Donald Trump is expected to unveil ‘reciprocal tariffs’ today ahead of a bilateral meeting with Indian Prime Minister Narendra Modi. The announcement is likely to come at an Executive Order signing ceremony scheduled for 13:00 ET 18:00 GMT. These sessions tend to include major market-moving news and a lengthy back-and-forth with the press.
  • Although Trump and Modi have a strong personal relationship, India is firmly in Trump’s tariff crosshairs. Trump is likely eyeing closer cooperation with Delhi on defence to address both the trade deficit and Indo-Pacific security concerns. 
  • The House Budget Committee will begin marking up a budget resolution resolution today to underpin 'one big beautiful bill' to legislate Trump's agenda. Discharging the resolution from the Budget committee will be the first major test of House Speaker Mike Johnson's (R-LA) and President Trump's influence over Republican deficit hawks. 
  • House Republican leaders are likely to pursue a short-term government funding measure to avert a government shutdown on March 14.
  • The Trump administration outlined in stark detail how it views its position with regards to defending European security and the future of the war in Ukraine.
  • Israel could attempt a strike on Iran’s nuclear programme in the coming months, according to US intelligence cited by the Washington Post.
  • Poll of the Day:Democrats want to see their party become more moderate.

Please find the full article attached below: US DAILY BRIEF