MNI POLITICAL RISK - Limited Expectations For Trump-Putin Meet

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Executive summary:

• President Donald Trump will hold a press conference at 10:00 ET 15:00 BST to announce a new plan focused on public safety in Washington, D.C. 
• Trump is expected to meet with the Intel CEO at the White House today, days after calling for his sacking. 
• Treasury Secretary Scott Bessent will temporarily replace IRS Commissioner Billy Long. Bessent said he expects to have pending trade deals done by October.
• White House Artificial Intelligence and Crypto ‘Czar’ David Sacks said AI development is in the "Goldilocks" zone.
• Trump is reportedly considering 10 candidates for Federal Reserve Chair.
• Consumers are expected to increasingly bear tariff costs.
• Trump is expected to approve a 90-day US-China tariff and export control pause, ahead of tomorrow's deadline.
• The White House struck an 'unprecedented' deal with chip giants to share 15% of their revenue, in return for export licences.
• Trump called on China to increase US soybean imports, amid concerns of reduced farm profits.  
• Trump is considering public offerings for the mortgage giants Fannie Mae and Freddie Mac.
• Trump will meet Russian President Vladimir Putin in Alaska on Friday. The prevailing view is that the summit is unlikely to result in a ceasefire agreement acceptable to Ukraine, with European leaders concerned the meeting could provide Putin a strategic victory and drive a wedge between the US and Ukraine.
• Chart of the Day: Artificial Intelligence could reduce competitive seats in the House of Representatives

Please find the full article attached below: US DAILY BRIEF