Executive summary:
- US President Donald Trump will meet Norwegian Prime Minister Jonas Støre today for a bilateral meeting that could help repair another rupture between Washington and Kyiv.
- Trump’s softer tone on China and the Federal Reserve helped spur a second day of market gains, despite warnings from CEOs and business leaders that Trump's unpredictable trade policy would continue to drive market turbulence.
- Trump further soothed markets by signalling that a “fair deal” with China is one of the near-term goals of his trade agenda. But, China doesn’t appear ready for talks just yet and a floated tariff reduction would align US tariffs on China with worst-case-scenario models from 2024.
- British Chancellor Rachel Reeves said there are firm lines the UK government would not cross in its trade negotiations with the US.
- Japanese Finance Minister Katsunobu Kato intends to base talks today with Treasury Secretary Scott Bessent on existing currency agreements.
- EU competition chief Teresa Ribera said EU fines on Apple and Meta are not a retaliatory action to Trump’s tariffs.
- Trump’s chief negotiator Steve Witkoff is heading to Moscow for a fourth meeting with Russian President Vladimir Putin.
- Secretary of State Marco Rubio said the US is not ruling out strikes on Iran’s nuclear facilities, but diplomacy is the preferred route to preventing Tehran from acquiring a nuclear weapon.
- Poll of the Day: Border security is the only issue where Trump is in positive territory.
Please find the full article attached below: US DAILY BRIEF