MNI POLITICAL RISK - Trump-Carney Bilat To Test Water On Trade

Download Full Report Here

Executive summary:

• President Donald Trump will meet Canadian Prime Minister Mark Carney today for the first time since his election win. The press spray will be the most closely followed Oval Office event since Trump’s bust-up with Ukrainian President Volodymyr Zelenskyy 
• Treasury Secretary Scott Bessent will be grilled on tariffs and the X date during testimony to Congress today on Trump’s FY2026 budget. 
• Trump directed officials to begin the process of imposing a 100% tariff on films produced outside the US. The move could imperil trade talks with movie-making countries and escalate Trump's trade war into services.
• Bessent argued at the Milken Conference that Trump’s trade agenda will make the US economy more appealing for investors.
• EU trade chief Maros Sefcovic said Trump’s tariffs would cover 97% of the EU’s total exports to the US.
• House Republicans will hold key meetings today as they continue work towards the ‘big beautiful’ reconciliation bill.
• Israel warns of "conquering" Gaza if a deal isn't struck with Hamas during Trump's Middle East trip next week. A fourth round of US-Iran nuclear talks will take place this Sunday.
• VP JD Vance will attend a meeting with European national security officials on Wednesday, organised by the Munich Security Conference, following critical remarks in Munich in February.  
• Trump said the sliding price of oil will intensify pressure on Russia to accept a ceasefire deal.
• Poll of the Day: Support for Democratic Party drops. 

Please find the full article attached below: US DAILY BRIEF