Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs

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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.

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.

The posturing on social media and at a Cabinet meeting on Tuesday came after traders initially shrugged off a series of letters and executive actions Trump issued Monday, pushing back the deadline for his so-called “reciprocal” tariffs while announcing the latest rates he planned for more than a dozen countries that had not succeeded in brokering quick trade agreements.

That changed Tuesday as Trump signaled a renewed determination to push ahead with his plans to heavily tax foreign imports.

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

• Tyler Kendall, Bloomberg Washington correspondent
• Rep. Brian Babin (R-TX), Chairman of the House Science, Space and Technology Committee/US Representative from Texas's 36th Congressional District (2015-Present)/Republican/Dentist/Former-US Air Force
• Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor
• Mick Mulvaney, former Acting White House Chief of Staff, former OMB Director, former Republican Congressman from South Carolina

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