Balance of Power – Détails, épisodes et analyse

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President Donald Trump has floated talks with his Chinese counterpart more than half a dozen times since the trade war started. But prospects look remote, even as their tariff fight appears to have peaked.

Inflicting trade pain is unlikely to bring President Xi Jinping to the negotiating table. Instead, Chinese authorities seem intent on proving that they can withstand more economic and political suffering than their archrival.

On Friday, Beijing hiked tariffs on all US goods to 125%, mirroring a move by the White House that pushed duties on Chinese imports to the same level, on top of an existing 20% tax. China said it won’t match any further hikes, calling the repeated use of steep tariffs economically meaningless, but reiterated its vow to “fight to the end” with other, unspecified countermeasures.

“The fact that the Chinese authorities have once again matched US tariff hikes suggests that they are in no rush to negotiate with the Trump administration,” said Julian Evans-Pritchard, head of China economics at Capital Economics.

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, Bloomberg's David Gura is in for Joe. Kailey and David speak with:

• Bloomberg's Jordan Fabian.
• Arbroath Group Managing Partner Christopher Smart.
• Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
• Chief Economist for SMBC Nikko Securities America Joe Lavorgna.
• Nonresident Senior Fellow with the Atlantic Council Global Energy Center Ellen Wald.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a plunge in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.

A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again, with President Donald Trump’s mollifying message on trade talks providing little relief. Investors are rushing to game out how the effective freezing of Chinese trade will impact corporate earnings and growth. The S&P 500 pared its drop to about 3%. The greenback was set for its worst day since 2022. After a brief respite on a solid $22 billion bond sale, longer-dated Treasuries turned volatile again.

Market euphoria flipped back to unease despite Trump’s signals that he’s close to a first deal on tariffs — without naming the country. Concern grew that an escalation of the trade war between the two biggest economies will bring lasting damage to global growth after the White House said US tariffs on China rose to 145%. 

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, Bloomberg's David Gura is in for Joe. Kailey and David speak with:

• Bloomberg's Shawn Donnan.
• Pangaea Policy Founder Shawn Donnan.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said. 

White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. She said the president is also “committed to implementing” sectoral duties but that they were not the focus of the April 2 event and deferred to Trump about the timing of those. Members of Trump’s Cabinet would attend the announcement, Leavitt said.

“The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades,” Leavitt told reporters at the White House. “It’s time for reciprocity and it’s time for a president to take historic change to do what’s right for the American people.”

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, Joe and Kailey speak with:

• Bloomberg Senior National Political Correspondent Nancy Cook to preview the week ahead for the Trump Administration.
• Founder and Managing Partner of International Capital Strategies Doug Rediker about the uncertainty as the world awaits US tariff implementation.
• Bloomberg Politics Contributor Rick Davis and former Democratic Congresswoman Stephanie Murphy as White House Press Secretary Karoline Leavitt confirms an April 2 Rose Garden tariff announcement by President Donald Trump.
• Bloomberg Senior Editor Michael Regan as markets react to the latest tariff news.
• Vice President of Federal Tax Policy at the Tax Foundation Erica York about tax and budget negotiations on Capitol Hill.

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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, Joe and Kailey speak with:

• Bloomberg Washington Senior Editor Wendy Benjaminson following President Joe Biden's pardon of his son, Hunter.
• Former Assistant Special Watergate Prosecutor Nick Akerman about the President's decision and Donald Trump's pick to lead the FBI, Kash Patel.
• Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about the confirmation process for Patel.
• Former Director for Syria and Lebanon at the National Security Council Hagar Chemali abut the advances made by Syria-based rebel forces in territory held by the Syrian government.
• Global Situation Room President and CEO Brett Bruen about the latest developments from the Middle East.

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Guest hosts Jack Fitzpatrick and Emily Wilkins spoke to Wendy Benjaminson, Bloomberg Washington Deputy Managing Editor, Texas Democratic Party Chairman Gilbert Hinojosa, Bloomberg Businessweek National Political Correspondent Josh Green, Florida Congressman Mario Diaz-Balart and Bloomberg Politics contributors Rick Davis and Jeanne Sheehan Zaino.

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Guest hosts Jack Fitzpatrick and Emily Wilkins spoke to Bloomberg White house reporter Justin Sink, Aaron Brown, former managing director and head of financial market research at AQR Capital Management, Colorado Secretary of State Jena Griswold and Bloomberg Politics contributors Rick Davis and Jeanne Sheehan Zaino.

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Bloomberg Washington Correspondent Joe Mathieu delivers 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.

Guests: Bloomberg Intelligence Senior Antitrust Litigation Analyst, Jennifer Rie, former FTC chairman William Kovacic, Bloomberg Economics Chief Economist Tom Orlik, Massachusetts Congressman Jake Auchincloss, Bloomberg Politics contributors Rick Davis and Jeanne Sheehan Zaino, and Bloomberg Businessweek reporter Ashlee Vance.

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Bloomberg Washington Correspondent Joe Mathieu delivers 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.

Guests: Republican Ohio Congressman Warren Davidson, Bloomberg Politics contributors Rick Davis and Jeanne Sheehan Zaino, Bloomberg opinion columnist Eli Lake, and North Carolina Attorney General Josh Stein.

To listen on the Bloomberg terminal, click on the player thumbnail on the sidebar.

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Bloomberg Washington Correspondent Joe Mathieu delivers 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.

Guests: Bloomberg White House reporter Josh Wingrove and Larry Krauck, Deputy White House National Climate Advisor Ali Zaidi, Republican nominee for New York City Mayor, Curtis Sliwa, and Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino.

To listen on the Bloomberg terminal, click on the player thumbnail on the sidebar.

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Bloomberg Washington Correspondent Joe Mathieu delivers 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.

Guests: 

IHS Markit Vice Chariman Dan Yergin, Bloomberg Politics News Director Jodi Schneider, Bloomberg Economics Chief Economist, Tom Orlik, ReachOut Technology Founder Rick Jordan.

To listen on the Bloomberg terminal, click on the player thumbnail on the sidebar.

See omnystudio.com/listener for privacy information.