Executive summary:
- President Donald Trump’s State Visit to the United Kingdom kicked off today. Trump and UK Prime Minister Keir Starmer are expected to unveil a raft of tech investment pledges, a nuclear deal, and hammer out details of the May trade framework agreement.
- Trump’s top economic advisor, Stephen Miran, was formally sworn in as a governor on the Federal Reserve board, capping a lightning-fast Senate confirmation process that ensures Miran’s position will be recorded in today's interest rate decision.
- The US and China are reportedly in the final stages of negotiations for Trump to attend a state visit to Beijing.
- Trump and Indian Prime Minister Narendra Modi touted their personal relationship as Washington and New Delhi look to defuse a trade standoff.
- The House of Representatives approved a measure that cedes more tariff authority to Trump.
- The USTR initiated the public consultation process in advance of a joint review of the USMCA.
- Democratic leaders rejected a Republican CR to avert a government shutdown on October 1.
- Trump told reporters the US military “knocked off” a third Venezuelan boat allegedly involved in narcotics smuggling.
- Iranian Foreign Minister Abbas Araghchi will hold a call with his European counterparts today, in an attempt to head off UN sanctions.
- Poll of the Day: 80% of US adults believe the government should prioritise AI safety over developing capabilities.
Please find the full article attached below: US DAILY BRIEF