Balance of Power

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President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.  

“We’ll be putting a initially small tariff on pharmaceuticals, but in one year &md...

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Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump to help retain GOP control of the US House of Representatives in the midterms.

Many have gone to the Chicago area, selecting a location where loca...

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US job growth cooled sharply over the past three months and the unemployment rate rose, showing the labor market is shifting into a lower gear amid widespread economic uncertainty.

Payrolls increased 73,000 in July after the prior two months were revised down by nearly 260,000, according to a Bureau of Labor Statistics report out Friday. In the las...

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President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. 

The signing will take place “at some point this afternoon or later this evening,” White House Press Secretary Karoline Leavitt told reporters during a news briefing, adding th...

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Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy.

First and foremost is the conclusion of the Federal Reserve’s meeting on Wednesday, and although it isn’t expected to cut interest rates, traders and investors will be poring over commentary for clues about...

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Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks, and that President Donald Trump will make the final call on any extension.

Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wedn...

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The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.

The pact was concluded less than a week before a Friday deadline for President Donald Trump’s higher tariffs to take effec...

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Donald Trump arrives in Scotland on Friday evening for a private five-day visit of his mother’s ancestral home, taking in two golf resorts he owns. UK Prime Minister Keir Starmer knows full well that when it comes to this US president, little is ever really private.

Trump’s first trip to Britain since his reelection will see him travel ...

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President Donald Trump and other administration officials are heading to the Federal Reserve today to learn about the central bank buildings’ $2.5 billion renovation.

Fed. Chair Jerome Powell has been under fire from Trump for months for leading the Fed in holding fast on interest rates — declining to continue last year’s reductio...

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President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US.

The agreement, touted by Trump after he secured breakthroughs in a final 75-minute Oval Office meeting Tuesday with Japanese negotiators, s...

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President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the country’s exports, the latest pact ahead of an Aug. 1 deadline.

Trump initially imposed a 17% rate for the US ally in April, which was paused to allow time for negotiations. He then threatened earlier this month to raise the charge to 20%....

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For President Donald Trump, whose political career has benefited from voter anxiety over Washington elites, the health of his predecessor and the riches of Wall Street, the past week offered a reversal of fortune.

Trump’s efforts to escape the uproar over Jeffrey Epstein failed spectacularly, after the Wall Street Journal published a story al...

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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, including conversations with influential lawmakers and key figures in politics and policy.
On this edition, Kailey and guest host Bloomberg Washington correspondent Tyler Kendall speak with:

• ...

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.
On this edition, Kailey and guest host Bloomberg Washington correspondent Tyler Kendall speak with:

• ...

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President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media. 

“No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anyth...

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Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.

US government officials told Nvidia they...

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US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine even as he pledged fresh weapons supplies for Kyiv.

“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100%,” Trump said Monday during a meeting with NA...

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President Donald Trump in Texas on Friday viewed firsthand the devastation left by extreme flooding that killed at least 120 people and left scores still missing in the state’s Hill Country region, seeking to reassure residents of the federal response to the disaster.

The president met with local officials and emergency workers in hard-hit Ke...

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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, including conversations with influential lawmakers and key figures in politics and policy.

Former Vice President Mike Pence criticized Donald Trump’s tariff agenda, saying it was a stark...