MNI POLITICAL RISK - Federal Judge Weighs Lisa Cook's Firing

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Executive summary:

• President Donald Trump has no public events on his official White House schedule.
• At 10:00 ET 15:00 BST, a DC federal court will review Fed Governor Lisa Cook’s request for an emergency block on her termination from the Central Bank. FHFA Director Bill Pulte filed a second criminal referral on Cook to the DOJ.
• CEA Chair Stephen Miran is likely to be confirmed to the Fed board in time for September's policy meeting.
• The “de minimis” provision was terminated this morning.
• The European Commission detailed proposals for the implementation of the US-EU trade agreement.
• Japan continues to press the US to implement lower tariffs on autos.
• The leaders of China, Russia, and India will meet at the SCO on Sunday as Trump's trade policies push BRICS members into closer alignment.
• Indian PM Narendra Modi insisted India maintains good relations with the US, ahead of a meeting with Japanese Prime Minister Shigeru Ishiba today.
• Brazilian President Luiz Inácio Lula da Silva authorised the start of a process to potentially retaliate against US tariffs.
• Chicago is likely to be the next Democrat-run city targeted by Trump's federal law enforcement operations.
• A Ukrainian delegation is in Washington to discuss security guarantees with Trump officials.
• The E3 triggered 'snapback' UN sanctions on Iran.
• The US and Venezuela appear increasingly close to an armed confrontation.  
• Poll of the Day: California Governor Gavin Newsom is ‘surging’ in 2028 primary polling.

Please find the full article attached below: US DAILY BRIEF