President Trump Threatens More China Tariffs | Balance of Power: Late Edition

/ 8 hours ago April 7, 2025

From Bloomberg Markets and Finance.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, US Senator Elizabeth Warren (D) MA criticizes Treasury Secretary Scott Bessent and says Congress needs to step up and put a halt to the Trump administration’s tariffs. Mary Lovely, Senior Fellow at the Peterson Institute for International Economics, on President Trump threatening to raise China tariffs to 104%. Douglas Holtz-Eakin, American Action Forum President, weighs in on whether or not President Trump’s tariffs are permanent or negotiable. Maya MacGuineas, President of the Committee for a Responsible Federal Budget, discusses the Senate Budget Resolution and voices her frustration with the bill calling it “awful,” and “reckless.”

Chapters:
00:00:00 – Balance of Power Begins
00:00:38 – Sen. Elizabeth Warren (D) MA on Trump Tariffs, US Treasury Scott Bessent
00:11:27 – Bloomberg’s Romaine Bostick on S&P 500 With An 8.5% Swing, US Stocks Swing Wildly With Tariff Headlines
00:14:26 – Bloomberg’s Tyler Kendall on Scott Bessent Saying Everything on Negotiating Table for Tariffs
00:17:57 – Mary Lovely, Snr. Fellow at the Peterson Institute for Intl. Economics, on Pres. Trump Threatening to Raise China Tariffs to 104%
00:26:16 – Douglas Holtz-Eakin, American Action Forum Pres., on Economic Impact of Trump Tariffs, Is A US Recession Likely
00:33:45 – Bloomberg’s Eliza Ronalds-Hannon, on Credit Markets Paralyzed By Trade War, Banks Postpone Loans Amid Tariffs Fears
00:36:24 – Maya MacGuineas, Cmte. For a Responsible Federal Budget President, on “Awful” & “Reckless” Senate Budget Plan, Will Tariffs Help Pay For Spending
00:46:09 – Political Panel on Pres. Trump Threatening to Veto Bill Curbing Tariff Powers, Trump Admin. On Unclear Tariff Message, Is US Headed Into A Recession
00:54:20 – Washington Lookahead: US Trade Representative Greer Senate Testimony Tuesday, Might Talk About Trump Tariffs
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