MNI POLITICAL RISK - Yellen Departs Today On Key China Trip

Executive Summary:

• President Biden and Chinese President Xi Jinping spoke yesterday for the first time since their meeting on the margins of the APEC Summit in November. Treasury Secretary Janet Yellen will travel to China today where she will convey US concerns that Chinese industrial overcapacity poses a threat to global markets: “We don’t want to be overly dependent and they want to dominate the market. We’re not going to let that happen.”
• House Speaker Mike Johnson’s (R-LA) plan to move a Ukraine aid package could collapse under pressure from the right of the GOP and left of the Democratic Party.
• NATO foreign ministers are meeting today in Brussels to discuss plans for a USD$100 billion fund which has been described as “Trump-proofing” NATO support for Ukraine.
• Former President Donald Trump's plan to impose 60% tariffs on China and 10% tariffs on the rest of the world, “would likely send inflation above the Federal Reserve’s target and pressure the central bank to raise interest rates,” according to a new report.
• Nebraska Governor Jim Pillen (R-NE) has endorsed an electoral college reform bill which could close one of Biden's pathways to the White House.
• Former Maryland Governor Larry Hogan (R) is continuing to poll strongly in the Maryland Senate race.
• The electorate is increasingly supportive of a raft of immigration and border measures proposed by Trump.
• Poll of the Day: Trump leads Biden in six of the seven 2024 swing states.

Please find the full article attached below:

MNIPOLRISKUSDaily030424.pdf