Balance of Power

Ontario Premier Doug Ford said his war of words with President Donald Trump got a little heated, but he had to "hit back." Ford says the US and Canada need a fair trade deal, but he says no deal is better than a bad deal. Ford speaks to Joe Mathieu on "Balance of Power."
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Prime Minister Mark Carney matched the new tariffs imposed by President Donald Trump and announced new support programs for Canadian businesses hurt by the escalating trade war with the country’s largest trading partner.

Canada will double its existing counter-tariffs on US steel and aluminum products to 50%. American-made milk, furniture, clothing and apparel will also have new 50% duties applied, as will video-game consoles, smartphones and other electronics.

Overall, the retaliatory levies will affect $20 billion worth of annual US exports to Canada, roughly matching the dollar-value impact of the tariffs the White House put on Canadian products on Saturday. It’s equal to about 6% of US exports to Canada last year.
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, Kailey speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Democratic Congressman Gabe Amo of Rhode Island.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Former Republican Congressman Kevin Brady.
Bloomberg Opinion Columnist Gautam Mukunda.
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With Congress still out and the week of Aug. 24 likely light on policy developments, the Bloomberg Intelligence's Aug. 24 Washington Policy Pulse call focused the US 50% additional tariff on roughly $20 billion of Canadian imports that took effect on Aug. 22 as well as Trump's Aug. 24 remarks that forthcoming tariffs were coming for the Canadian automotive industry. Canadian Prime Minster Mark Carney has vowed to respond with dollar-for-dollar retaliatory tariffs beginning Sept. 8, which could influence Senate races in Ohio, Maine and Alaska.

Finally, we reviewed a White House meeting last week with executives from Coinbase, Intercontinental Exchange and Nasdaq and how it didn't do much to move the crypto bill known as the CLARTY Act forward. We continue to ascertain a 40% chance of passage in 2026.

The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC.

The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
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.

Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the country and end nearly six months of war.President Donald Trump is calling world leaders with “specific requests to cease their interactions with the regime” and countries will face a specific timeline to shut down links with Iran or face unilateral US punishment, Bessent told a press conference.

On this edition, Joe and Kailey speak with:
Tyler Kendall, Bloomberg Washington Correspondent
Joe Lavorgna, Chief Economist of SMBC Americas/Former-Counselor to Secretary Scott Bessent at the US Treasury Department
Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor & Leslie Shedd, President of Rising Communications and Republican Strategist
Vali Nasr, Professor of Middle East Studies and International Affairs at Johns Hopkins University School of Advanced International Studies
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump and Canadian Prime Minister Mark Carney expressed optimism about finalizing a tariff agreement as negotiators from both countries met in Washington for further talks.

Trump on Wednesday declared that “we’ve come to a deal with Canada,” saying that Canadian representatives “gave us the points we had to have” on issues including market access for US agricultural products. “It’s all subject to finalization of documents,” the president told reporters at the White House.

Meanwhile, Carney posted that the two sides are “moving towards an agreement that reinforces that Canadian advantage” and secures “the best terms in each of Canada’s most important strategic sectors,” without elaborating on the specifics.
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, Kailey speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Former Deputy US Trade Representative Sarah Bianchi.
Stonecourt Capital Partner Rick Davis and Brownstein Hyatt Farber Schreck Partner Sarah Mercer.
See omnystudio.com/listener for privacy information.