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MNI POLITICAL RISK - Trump To Address Business Leaders Today

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

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Executive summary:

  • President Donald Trump will deliver remarks at the Business Roundtable quarterly meeting today amid a rout in markets spooked by his hardline tariff and government reform agenda. 
  • Yesterday’s US stock market dip came as Chinese tariffs on US agricultural imports took effect and Ontario Premier Doug Ford followed through on a threat to hike electricity exports by 25%. 
  • The administration's next trade action will come at midnight, when Trump’s 25% duty on steel and aluminium goes into effect. For China, the new metals tariff will stack on top of an existing 20% duty.
  • The House of Representatives will vote today on a stopgap government funding measure to extend funding through the end of the fiscal year. Trump must sign a funding bill before midnight on Friday to avert a government shutdown. 
  • The Joint Committee on Taxation said it will tabulate the cost of extending Trump's 2017 tax cuts on a ‘current law’ baseline, rather than a ‘current policy’ baseline - a blow to Senate Republicans who identified using a ‘current policy’ as a means to cost making the TJCA permanent at $0.
  • Secretary of State Marco Rubio, NSA Mike Waltz, and Middle East envoy Steven Witkoff began a high-stakes meeting with their Ukrainian counterparts today in Jeddah, Saudi Arabia aimed at getting Kyiv’s endorsement of a ceasefire deal.
  • Poll of the Day:President Donald Trump’s net approval rating has turned negative for the first time.

Please find the full article attached below: US DAILY BRIEF

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Executive summary:

  • President Donald Trump will deliver remarks at the Business Roundtable quarterly meeting today amid a rout in markets spooked by his hardline tariff and government reform agenda. 
  • Yesterday’s US stock market dip came as Chinese tariffs on US agricultural imports took effect and Ontario Premier Doug Ford followed through on a threat to hike electricity exports by 25%. 
  • The administration's next trade action will come at midnight, when Trump’s 25% duty on steel and aluminium goes into effect. For China, the new metals tariff will stack on top of an existing 20% duty.
  • The House of Representatives will vote today on a stopgap government funding measure to extend funding through the end of the fiscal year. Trump must sign a funding bill before midnight on Friday to avert a government shutdown. 
  • The Joint Committee on Taxation said it will tabulate the cost of extending Trump's 2017 tax cuts on a ‘current law’ baseline, rather than a ‘current policy’ baseline - a blow to Senate Republicans who identified using a ‘current policy’ as a means to cost making the TJCA permanent at $0.
  • Secretary of State Marco Rubio, NSA Mike Waltz, and Middle East envoy Steven Witkoff began a high-stakes meeting with their Ukrainian counterparts today in Jeddah, Saudi Arabia aimed at getting Kyiv’s endorsement of a ceasefire deal.
  • Poll of the Day:President Donald Trump’s net approval rating has turned negative for the first time.

Please find the full article attached below: US DAILY BRIEF