MNI POLITICAL RISK - Senate To Adopt Budget Blueprint Tonight

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Executive summary:

• President Donald Trump has another light schedule today, with a Mar-a-Lago dinner for his superPAC the only event in his official diary.
• There appears to be a growing disconnect between White House officials, who are adamant that Trump’s tariffs are a pillar of long-term industrial policy, and Congressional Republicans who believe they are one lever in trade negotiations.
• Trump told reporters yesterday the reaction in financial markets was “to be expected” and hinted at potential tariff deals if he is offered something "phenomenal".
• Trump advisor Stephen Miller urged Congressional Republicans to stay united behind Trump's agenda, arguing that the "full suite" of Trump Administration policies would result in 3% annual real GDP growth.
• The Chinese State Council Tariff Commission issued a statement this morning confirming Beijing’s first major retaliatory act against Trump's tariffs.
• California Governor Gavin Newsom D-CA) is expected to announce plans to pursue "strategic" relationships with countries imposing retaliatory tariffs.
• The Senate voted to advance a budget blueprint for Trump’s agenda, teeing up a so-called ‘vote-a-rama’ today that Democrats will target with messaging amendments on tariffs, Medicare, and DOGE. 
• Trump intends to send Congress a package of funding that he expects Republicans to rescind. 
• Secretary of State Marco Rubio said the Trump administration remains committed to NATO, if Europe does more to share the burden. 
• Poll of the Day: A majority of Americans oppose cuts to Medicaid funding.

Please find the full article attached below: US DAILY BRIEF