US, China Agree to Tariff Truce Extension | Balance of Power: Late Edition 7/29/2025

From Bloomberg Markets and Finance.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump’s tariffs are to blame for higher interest rates and comments on the Senate’s "ROAD to Housing Act." Evelyn Farkas, Executive Director of Arizona State University’s McCain Institute, discusses why Russian President Vladimir Putin doesn’t take President Trump’s Ukraine ceasefire threat seriously.

Chapters:
00:00:00 – Late Edition of Balance Power Begins
00:02:38 – Michelle Jamrisko on What to Understand About US, China Agreeing to Tariff Truce Extension
00:05:01 – Sen. Elizabeth Warren (D-MA) on Federal Reserve & Interest Rates, Trump Pressuring Powell, Explains Housing Act Bill, Epstein Files & Maxwell Latest
00:14:05 – Update on NYC Mass Shooting That Killed Four People
00:16:15 – EU Ambassador to the US, Jovita Neliupšienė, on The Fine Points of the US-EU Trade Deal & Parts of Deal That Need Further Discussion
00:19:58 – Bloomberg Power Moves: Romaine Bostick on Whether or Not Market is Focused This Week on Tariffs or Fed Decision
00:24:22 – Oliver Crook Breaks Down US, China Agreeing on Tariff Truce Extension
00:26:37 – Evelyn Farkas, Executive Dir. at Arizona State University’s McCain Institute, on Whether or Not Pres. Putin is Afraid of Pres. Trump’s Threats
00:36:33 – Bloomberg Power Brief: Top Stories Watching Tonight
00:38:08 – Political Panel Reaction to Senate Democrats Seek Epstein-Maxwell Evidence, Push for Nominations Keeps Senate in Session
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