MNI POLITICAL RISK - Trump Increases Pressure On Russia

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Executive summary:

• President Donald Trump will depart the United Kingdom at 11:00 ET 16:00 BST, returning to the White House at 19:20 ET 00:20 BST.
• EPA Administrator Lee Zeldin is expected to announce a new Trump administration proposal to overturn a 16-year-old climate rule that has guided government policy.
• European officials are downplaying investment pledges touted by Trump in the US-EU trade deal he struck with European Commission President Ursula von der Leyen in Scotland. 
• Treasury Secretary Scott Bessent will resume talks with his Chinese counterpart in Sweden. The talks are likely to result in another 90-day extension to the tariff and export control truce agreed in May. 
• USTR Jamieson Greer said “more negotiations” will be needed with India, as hopes fade for a trade deal before the August 1 tariff deadline.
• The Commerce Department is considering a plan to raise revenue via patent fees. Senator Josh Hawley (R-MO) introduced legislation to provide tariff rebate checks. 
• The Senate Banking Committee is expected to advance its first bipartisan housing bill in over 10 years today.
• The odds of new US sanctions on Russia spiked to nearly 70% yesterday after Trump indicated he could impose penalties as soon as August 7.
• Trump hinted at a break with Israeli Prime Minister Benjamin Netanyahu, appearing to contradict the PM by acknowledging a humanitarian crisis in Gaza.  
• Poll of the Day: Netanyahu’s favorability rating among US adults hit a new low. 

Please find the full article attached below: US DAILY BRIEF