MNI POLITICAL RISK- Trump Calms Tensions w/Powell, Heads To UK

Download Full Report Here

Executive summary:

• President Donald Trump departs this morning for a four-day trip to Scotland, his first UK visit since his re-election. 
• Trump’s former NSA Mike Waltz appears on track for confirmation as UN ambassador, after Senator Jeanne Shaheen (D-NH) struck a deal to advance his nomination.
• Republican members of the House Ways and Means Committee will hold field hearings in Nevada today to sell the GOP’s 'big, beautiful bill.' 
• South Korea’s trade negotiators will meet today with USTR Jamieson Greer as they push to secure a trade deal to avert a 25% tariff rate on August 1.
• Trump’s tariff threat against Brazil may be aimed at heading off a payment system that could lay the groundwork for a BRICS alternative to the US dollar.
• Trump yesterday signed into law a USD$9 billion rescissions package that Democrats fear is a test case for additional requests to claw back Congressionally approved funding.
• Senator Steve Daines (R-MT) said Republicans are “actively discussing” a potential second party-line reconciliation bill.
• Trump calmed tensions with Fed Chair Jerome Powell, saying of the Fed renovation project, "It is what it is”. 
• The DNC will target MAGA voters with ads about Jeffrey Epstein.
• Gaza ceasefire talks are expected to resume next week.
• The Pentagon has suspended participation in all think tank and research events.
• Poll of the Day: Trump’s approval rating is being lifted by improved views of the economy.

Please find the full article attached below: US DAILY BRIEF