MNI POLITICAL RISK - Polls Show Inflation Weighing On Trump

Download Full Report Here

Executive summary:

• President Donald Trump will receive an intelligence briefing in the morning before meeting with freed Israeli hostages in the Oval Office. White House Press Secretary Karoline Leavitt will brief at 13:00 ET 18:00 GMT. Trump will meet New York City Mayor Zohran Mamdani at the White House tomorrow.
• The White House is urging Congress to reject legislation that would curb Nvidia's ability to sell chips to China.
• Republican Senators are unconvinced by Trump’s proposed USD$2000 tariff ‘dividend’ checks.
• The US ambassador to Canada suggested Ottawa could be in line for a tariff agreement similar to the UK deal.
• The US and Saudi Arabia agreed on a joint venture to construct a rare earth refinery in the Kingdom.  
• Trump renewed his criticism of Federal Reserve Chair Jerome Powell and ruled out nominating Treasury Secretary Scott Bessent for the top Fed job.
• The House Natural Resources Committee will mark up permitting legislation to speed up energy projects.
• Republican lawmakers have not been wired into recent negotiations with Russia on a new peace plan to end the Ukraine war. Senate Majority Leader John Thune (R-SD) indicated Congress is ready to legislate new Russia sanctions.
• President Trump has reportedly approved covert CIA operations inside Venezuela that could lay the groundwork for a broader military campaign in the country.
• Poll of the Day: A series of polls paint a pessimistic picture for the GOP ahead of the 2026 midterms. 

Please find the full article attached below: US DAILY BRIEF