MNI POLITICAL RISK - Ukraine Talks Move To Technical Phase

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Executive summary:

• President Donald Trump is expected to sign an Executive Order today instructing Education Secretary Linda McMahon to begin dismantling the Department of Education. 
• Trump said on Truth Social that the Fed would be "MUCH better off CUTTING RATES" after the central bank kept interest rates steady.
• Nvidia will invest hundreds of billions of dollars in the US over the next four years, a boost to Trump’s manufacturing agenda.
• EU trade chief Maros Sefcovic suggested this morning that the EU could delay retaliatory tariffs on the US to allow time to negotiate with Washington.
• The EU has cut US arms manufacturers out of their new defence spending plan. Talks are underway on letting Canada join the project to expand the EU’s military industry. 
• Trump indicated that India won’t be offered any concessions on reciprocal tariffs despite India’s geostrategic importance as a counterweight to China in the Indo-Pacific and a strong personal relationship between Trump and Indian Prime Minister Narendra Modi.
• The Pentagon is considering halting the expansion of US military personnel stationed in Japan.
• Trump and Ukrainian President Volodymyr Zelenskyy characterised a one-hour call yesterday positively, with the Ukrainian leader endorsing an energy infrastructure ceasefire and agreeing to technical talks this weekend to discuss steps toward a maritime ceasefire.
• Trump reportedly gave Iran a two-month deadline for reaching a new nuclear accord.
• Poll of the Day: Seven in 10 voters expect a recession this year.

Please find the full article attached below: US DAILY BRIEF