"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, New York Governor Kathy Hochul discusses the economic impact of the Trump administration’s tariffs. Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump’s reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Rep. Tim Burchett (R) Tennessee discusses the market & economic reaction following President Trump’s reciprocal tariffs unveiling, and says there will be some short time pain, but in the long term it will be positive.
Chapters:
00:00:00 – Balance of Power Begins
00:01:54 – Bloomberg’s Romaine Bostick on Chaotic Day With Stock Market, S&P 500 Sees Worst Day Since June 2020
00:03:32 – Bloomberg’s Amara Omeokwe on Economic Impact From Pres. Trump Tariffs, What Will Federal Reserve Do, Will Jobs Data Be Affected
00:05:15 – Bloomberg’s Josh Wingrove on Pres. Trump’s Reaction on Markets, Trump Could Reduce Tariffs Based on Offers, More Tariffs to Come
00:08:41 – Governor Kathy Hochul (D) NY on Economic Impact of Trump Tariffs in New York
00:17:24 – Andrew Hale, The Heritage Foundation Trade Policy Snr. Policy Analyst, on How Global Economies Impacted by Trump Tariffs, US Economy Impacted
00:23:40 – Bloomberg’s Romaine Bostick on Tech Stock Reaction to Trump Tariffs
00:26:24 – Bloomberg’s Carter Johnson on 10-Year Yield Briefly Fell Below 4%, Bond & Treasury Market Reaction to Reciprocal Tariffs
00:28:33 – Rep. Tim Burchett (R) Tennessee on Political Impact From Pres. Trump Tariffs, How Will Tariffs Effect Americans
00:37:16 – Political Panel on Trump Tariffs, Could Tariffs Go South For MAGA Base, Can Democrats Take Advantage, Tariffs & Negotiations
00:46:01 – Washington Lookahead: US Jobs Day Report
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