MNI POLITICAL RISK- Markets Interpret Tariff Delays Positively

Download Full Report Here

Executive summary:

• President Donald Trump will host El Salvador President Nayib Bukele at the White House today for a bilateral meeting and lunch. Trump will sit down this week with the Spanish-language "Fox Noticias" program for his first post-‘Liberation Day’ interview.
• This week will again be dominated by Trump’s ambiguous trade policies. On Friday, Trump appeared to exempt some consumer electronics from all tariffs, including products from China, barring the 20% Fentanyl tariff. Yesterday, he indicated that reprieve could be short-lived. 
• China has suspended exports of some rare earth minerals - crucial for the world’s car, semiconductor and aerospace industries - in retaliation for Trump’s tariffs.
• Japanese Prime Minister Shigeru Ishiba told parliament today that Japan won’t rush into striking a compromise deal with the Trump administration. 
• Spanish Economy Minister Carlos Cuerpo is set to meet Treasury Secretary Bessent tomorrow amid signs Madrid is inclined to push for closer EU-China relations.
• President Trump signalled that he is likely to give Moscow more time to hammer out a ceasefire agreement with Ukraine, despite an attack on Sumy that drew widespread international condemnation.
• US and Iranian delegations are expected to meet for a second round of nuclear talks in Rome on Saturday following a satisfactory first meeting in Oman on April 12.
• Poll of the Day: Americans are increasingly downbeat about the future of the US economy.

Please find the full article attached below: US DAILY BRIEF