Executive summary:
- At 12:00 ET 17:00 BST, President Donald Trump will make an announcement in the Oval Office. There have been no clues on the subject, but it comes shortly after Fed Chair Jerome Powell's speech at Jackson Hole.
- Trump joined federal law enforcement officials in DC to tout his crackdown on crime. The Trump administration is reviewing more than 55 million visa-holders for violations that could lead to deportation.
- A New York court tossed out a $500 million civil fraud judgment against Trump. A federal judge ordered 'Aligator Alcatraz' to be dismantled.
- Sales of existing homes rose unexpectedly in July.
- The White House expects a new 25% tariff on India to go into effect on August 27, as planned.
- South Korean President Lee Jae Myung will travel to Japan ahead of a first meeting with Trump next week.
- Trump issued a cryptic statement hinting at rolling back restrictions on Ukraine's use of long-range weapons, as Moscow obfuscates Trump's Ukraine peace process.
- Trump is considering using CHIPS Act funding for critical minerals. Trump’s trade war with Brazil risks derailing a years-long effort to unlock Brazil’s critical mineral reserves.
- Israeli PM Benjamin Netanyahu said Israel will resume hostage-for-ceasefire negotiations with Hamas, after approving an IDF assault on Gaza City.
- The E3 and Iran are engaging in last-minute diplomacy aimed at avoiding 'snapback' UN sanctions.
- Poll of the Day: The foreign-born population of the US declined for the first time since the 1960s.
Please find the full article attached below: US DAILY BRIEF