MNI POLITICAL RISK - Trump Punts Trade War With China

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Executive summary:

• President Donald Trump has no public events scheduled. Press Secretary Karoline Leavitt will brief at 13:00 ET 18:00 BST.
• Trump signed a 90-day extension to the tariff and export control pause with China. 
• The Bureau of Labor Statistics will release its first CPI report since the firing of Commissioner Erika McEntarfer. Trump tapped E.J. Antoni, a MAGA favourite and chief economist at the Heritage Foundation, to replace McEntarfer.
• The Trump administration will “significantly escalate” criticism of Brazil and South Africa in its annual human rights reports.
• Trump announced that the federal government would assume temporary control of the DC police force and deploy 800 National Guard troops to tackle crime in the US capital. 
• Trump said imports of gold will not face US tariffs.
• Trump defended a deal with Nvidia to waive export controls on some semiconductors to China in exchange for revenue sharing. Trump suggested Nvidia's most advanced AI chip could be subject to a similar deal, if capabilities were "unenhanced". 
• The CBO published analysis of the ‘distributional effects’ of the ‘One Big Beautiful Bill’. 
• Trump managed expectations for Friday's meeting with Russian President Vladimir Putin. Trump said it would be a “feel-out meeting” that could tee up a bilateral meeting between Putin and Ukrainian President Volodymyr Zelenskyy. He stressed, "It's not up to me to make a deal." 
• Poll of the Day: US consumers are less likely to factor 'Made in USA' into buying decisions. 

Please find the full article attached below: US DAILY BRIEF