MNI POLITICAL RISK - UK Scores First Trade Deal With Trump

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Executive summary:

• 10:00 ET 15:00 BST: President Donald Trump will hold a news conference to announce a trade deal with the United Kingdom, the first major deal struck since Trump imposed tariffs on US trading partners. 
• While Trump said the agreement is "full and comprehensive", Treasury Secretary Scott Bessent told the House Financial Services Committee yesterday he expects upcoming announcements to be "agreements in principle," which will be "papered over in the coming months."
• Trump told reporters he is unwilling to lower tariffs on China preemptively ahead of Geneva talks.
• Trump renewed his social media campaign against Fed Chair Jerome Powell after the central bank held rates steady.
• GOP leaders projected confidence that the ‘Big Beautiful’ GOP reconciliation bill is on track despite limited progress to bridge gaps on SALT and budget cuts to safety net programmes. 
• Senate Majority Leader John Thune (R-SD) is expected to hold a procedural vote today on a landmark crypto regulation bill.
• Trump may meet with Iranian President Masoud Pezeshkian during his Middle East trip, if progress is made toward a new nuclear accord with Tehran.
• Vice President JD Vance dialled down his rhetoric towards Europe as American support for Ukraine appears to be rising.
• Secretary of State and NSA, Marco Rubio, is “encouraging" India and Pakistan to avoid further escalation.
• Poll of the Day: Americans say the federal government has a responsibility to provide a wide array of support and services.

Please find the full article attached below: US DAILY BRIEF