MNI POLITICAL RISK - No Clear Offramp To Avert Govt Shutdown

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Executive summary:

• President Donald Trump will depart the White House just before 10:00 ET 15:00 BST to attend the Ryder Cup. He will return at 16:55 ET 21:55 BST.
• Trump signed an order approving a deal to keep TikTok operational in the US. 
• A government shutdown on October 1 now appears inevitable, with Senate Minority Leader Chuck Schumer (D-NY) giving no indication he will fold in a standoff with his Republican counterpart.
• A group of leading economic policymakers signed a brief urging the Supreme Court to allow Fed Governor Lisa Cook to remain in place. 
• Defense Secretary Pete Hegseth summoned US military leaders for a meeting in Virginia on Tuesday. 
• Trump announced new tariffs on pharmaceuticals, trucks, and kitchen cabinets and bathroom vanities. The pharma tariff could raise the average US tariff rate by up to 3.3 percentage points.
• Trump is weighing a new plan to reduce the US’s reliance on foreign-made semiconductors.
• European Trade Commissioner Maros Sefcovic will send the US "suggestions on how to resolve issues on steel and aluminium".
• Trump said he could bail out US farmers with tariff revenue, acknowledging that his trade war is adversely affecting farmers.
• Senator Chuck Grassley (R-IA) criticised Treasury Secretary Scott Bessent’s plan to stabilise the Argentinian economy.
• President Trump urged Turkish President Recep Tayyip Erdogan to stop buying Russian oil
• Poll of the Day: Trump’s approval rating has fallen slightly this week.

Please find the full article attached below: US DAILY BRIEF