MNI POLITICAL RISK - Trump To Approve New China Trade Truce

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Executive summary:

• At 09:00 ET 14:00 BST, President Donald Trump will sign bills in the Oval Office. At 16:30 ET 21:30 BST, Trump will deliver remarks at the White House.
• US and Chinese trade delegations concluded two days of talks in Sweden, aimed at extending a tariff and export control truce that expires on August 11. Bessent will brief Trump today to formalise a 90-day extension.
• With preliminary trade agreements sealed with Japan and the European Union, the most pressing outstanding trade talks involved Mexico, Canada, South Korea, Brazil, India, and Taiwan. South Korea appears the most likely to strike a deal before August 1. 
• US consumer confidence increased in July.
• The Senate Banking Committee advanced its first bipartisan housing package in a decade.
• The Senate is struggling to pass a ‘minibus’ of three spending bills before departing for recess.
• Senator Thom Tillis (R-NC), a key Senate Banking vote on Fed nominees, suggested yesterday he would not support a Trump Fed Chair nominee unless the Central Bank's independence was assured.
• The EPA proposed repealing a scientific declaration that has guided government policy.
• Trump confirmed that Russia has 10 days to show credible work towards a ceasefire with Ukraine, or face new penalties.
• White House officials pushed back on reports of cracks between Trump and Israeli Prime Minister Benjamin Netanyahu.
• Poll of the Day: The Epstein case may not resonate broadly enough to impact Trump’s approval. 

Please find the full article attached below: US DAILY BRIEF