Balance of Power9 Jul 2025

Trump Reveals New Batch of Tariffs From Iraq to Philippines

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.
US President Donald Trump unveiled a new round of tariff demand letters on Wednesday with levies set to hit in August on imported goods from partners who fail to reach agreements with the US.

Trump said he would levy a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. The levies were largely in line with rates Trump had initially announced in April, though Iraq’s duties are down from 39% and Sri Lanka’s reduced from 44%.

On this edition of Balance of Power, Joe and Kailey speak with:

Brett Bruen, President and CEO of the Global Situation Room, former White House Global Engagement Director
Josh Wingrove, Bloomberg senior White House reporter
Lahnee Chen, Fellow in American Public Policy Studies at the Hoover Institution, Director of Domestic Policy Studies at Stanford University and Republican Strategist & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor
Heather Boushey, former White House Council of Economic Advisers Deputy Director under President Joe Biden
Hagar Chemali, Former-Director for Syria and Lebanon at the National Security Council (NSC)/CEO and Founder of Greenwich Media Strategies

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