Executive summary:
- At 10:00 ET 15:00 BST, President Donald Trump will meet NATO Secretary General Mark Rutte at the White House. According to Trump’s diary, the meeting will be closed to the press. At some point today, Trump is expected to make a ‘major statement’ on Russia, likely to include new weapons shipments to Ukraine and the possible endorsement of sanctions on Russia.
- Trump concluded his tariff week with Saturday letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, setting a 30% tariff rate for both trading partners.
- EU trade commissioner Maros Sefcovic said before a meeting of EU trade ministers this morning: "The feeling on our side was that we are very close to an agreement."
- Former President Joe Biden’s chief economic advisor, Jared Bernstein, wrote in an op-ed that he is, "joining the hawks", warning that Trump's Big Beautiful Bill is "a potential game changer for debt sustainability.”
- House Republicans will take up three major bills during their 'crypto week'.
- The Senate is expected to take up Trump’s USD$9.4 billion rescissions package.
- Trump’s Middle East Special Envoy Steve Witkoff said he is “hopeful”, when asked about the status of Gaza ceasefire talks.
- WSJ reports that Trump signalled he would support Israel in another attack, if Iran were to take steps towards making a nuclear bomb.
- Poll of the Day: 70% of independents oppose Trump's immigration policies.
Please find the full article attached below: US DAILY BRIEF