Balance of Power

Balance of Power

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

  1. 3D AGO

    EU Expects US Tariffs to Stay

    Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday. The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.  Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg's Tyler Kendall. Vice President of Federal Tax Policy at the Tax Foundation Erica York. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Chief Investment Officer for US Bank Asset Management Eric Freedman. See omnystudio.com/listener for privacy information.

    42 min
  2. APR 11

    Trump-Xi Truce Appears Elusive

    Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump has floated talks with his Chinese counterpart more than half a dozen times since the trade war started. But prospects look remote, even as their tariff fight appears to have peaked.Inflicting trade pain is unlikely to bring President Xi Jinping to the negotiating table. Instead, Chinese authorities seem intent on proving that they can withstand more economic and political suffering than their archrival.On Friday, Beijing hiked tariffs on all US goods to 125%, mirroring a move by the White House that pushed duties on Chinese imports to the same level, on top of an existing 20% tax. China said it won’t match any further hikes, calling the repeated use of steep tariffs economically meaningless, but reiterated its vow to “fight to the end” with other, unspecified countermeasures.“The fact that the Chinese authorities have once again matched US tariff hikes suggests that they are in no rush to negotiate with the Trump administration,” said Julian Evans-Pritchard, head of China economics at Capital Economics.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's David Gura is in for Joe. Kailey and David speak with: Bloomberg's Jordan Fabian. Arbroath Group Managing Partner Christopher Smart. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Chief Economist for SMBC Nikko Securities America Joe Lavorgna. Nonresident Senior Fellow with the Atlantic Council Global Energy Center Ellen Wald. See omnystudio.com/listener for privacy information.

    59 min
  3. APR 10

    Economic Angst Hits Wall Street

    Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a plunge in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again, with President Donald Trump’s mollifying message on trade talks providing little relief. Investors are rushing to game out how the effective freezing of Chinese trade will impact corporate earnings and growth. The S&P 500 pared its drop to about 3%. The greenback was set for its worst day since 2022. After a brief respite on a solid $22 billion bond sale, longer-dated Treasuries turned volatile again.Market euphoria flipped back to unease despite Trump’s signals that he’s close to a first deal on tariffs — without naming the country. Concern grew that an escalation of the trade war between the two biggest economies will bring lasting damage to global growth after the White House said US tariffs on China rose to 145%. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's David Gura is in for Joe. Kailey and David speak with: Bloomberg's Shawn Donnan. Pangaea Policy Founder Shawn Donnan. See omnystudio.com/listener for privacy information.

    20 min
  4. APR 8

    Trump Moves Ahead With 104% China Tariffs

    Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump spent the final hours before his tariffs were set for full implementation lining up negotiations with key US allies, but his insistence on pushing forward with sweeping 104% tariffs on many Chinese goods dimmed optimism that a brutal trade war would be avoided.Trump and top administration officials on Tuesday signaled the US was open to dealmaking that could reduce or eliminate higher tariffs on dozens of nations as Asian and European leaders announced plans for talks with the White House. Still, Trump is pushing ahead with higher duties on roughly 60 trading partners that he dubbed the “worst offenders” are set to take effect after midnight New York time. And the White House said Trump is proceeding with tariffs that would amount to 104% on many Chinese goods. That package includes previous levies applied because of the fentanyl crisis, his reciprocal tariffs, as well as an additional retaliation Trump announced after Beijing said it would tax US exports to China.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Economics Chief Economist Tom Orlik. Republican Congressman Pat Fallon of Texas. Bloomberg Politics Contributor Rick Davis and ROKK Solutions Partner Kristen Hawn. Wiley Rein Partner Greta Peisch. See omnystudio.com/listener for privacy information.

    41 min

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4.6
out of 5
31 Ratings

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Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

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