MNI POLITICAL RISK - US Trade Partners Eye Last-Minute Deals

Download Full Report Here

Executive summary:

• President Donald Trump will sign an Executive Order at 16:00 ET 21:00 BST. 
• Conservative economist E.J. Antoni has emerged as a MAGA favourite to head the Bureau of Labor Statistics.
• The federal government issued guidance on Monday, detailing the implementation of the tariffs.
• The EU expects some turbulence from the framework trade deal with the US.
• The Swiss government will present a “more attractive” offer to Washington in response to the 39% tariff rate announced by Trump.
• Japan’s top trade negotiator will travel to Washington today for his first meetings with US counterparts since the announcement of a trade framework last month.
• Trump escalated his standoff with New Delhi, threatening to “substantially” raise tariffs on Indian imports because of its trade in Russian oil. 
• The CBO estimated that the debt service costs of the GOP’s ‘One Big Beautiful Bill’ will total $718 billion over 10 years. House Republican staffers will meet tomorrow to discuss a second reconciliation bill.
• Trump negotiator Steve Witkoff is expected to meet Russian officials in Moscow on August 6, days before Trump's Friday deadline to reach a ceasefire agreement with Ukraine. Russian President Vladimir Putin is open to meeting with Ukrainian President Volodymyr Zelenskyy, if requisite groundwork is completed.
• Israeli Prime Minister Benjamin Netanyahu is considering the full occupation of the Gaza Strip.
• Poll of the Day: Americans are thinking more positively about China.

Please find the full article attached below: US DAILY BRIEF