MNI POLITICAL RISK - Optimism For Leader-Level Ukraine Summit

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Executive summary:

• President Donald Trump will sign Executive Orders at 12:00 ET 17:00 BST. He will then deliver remarks at 16:00 ET 21:00 BST.
• Trump’s reciprocal tariffs took effect at 00:01 ET 05:01 BST this morning, one week after Trump signed an order confirming the action. Swiss President Karin Keller-Sutter departed Washington yesterday without a deal to avert a 39% tariff rate.
• Trump will double the tariff rate on Indian imports in retaliation for buying Russian oil, a risky move that could derail Washington's long-term Indo-Pacific strategy.  
• Trump threatened to impose, as soon as next week, a 100% tariff on foreign-built semiconductors. Companies that build, or pledged to build, their chips in the US would be exempt. Alongside Trump, Apple CEO Tim Cook announced an additional USD$100 billion investment in US manufacturing.
• National Economic Council Director Kevin Hassett said it’s the “highest priority” for the administration to reform the Bureau of Labor Statistics and accused the Federal Reserve of politicising its interest-rate decisions.
• Brazil expects Trump to take the next step toward resuming leader-level talks.
• The OBBB could speed up Social Security insolvency.
• The Trump administration is ramping up pressure on the International Energy Agency.
• US and Russian officials touted progress toward leader-level peace talks.
• The Israeli security cabinet will convene today to sign off on Prime Minister Benjamin Netanyahu's new Gaza offensive.
• Poll of the Day: Trump administration has 'largely succeeded' in neutralising Epstein fallout. 

Please find the full article attached below: US DAILY BRIEF