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25% Tariffs on Mexico, Canada Take Effect Tuesday | Balance of Power 03/03/25
"Balance of Power" focuses on the intersection of politics and global business. On today's show, Joseph Lavorgna, SMBC Nikko Securities American Chief US Economist & Former Chief Economist for the White House National Economic Council, talks about President Trump announcing 25% tariffs on both Mexico and Canada will take effect Tuesday. Jane Harman, Former Chair of the Commission on National Defense Strategy, states she does believe the United States and Ukraine can recover and agree to sign the Ukraine Minerals deal. Representative Frank Lucas (R) Oklahoma, shares his thoughts on whether or not a clean continuing resolution will pass when discussing Congress and government funding.
Chapters:
00:00:00 - Balance of Power Begins
00:01:54 - Bloomberg’s Romaine Bostick on S&P 500 Sees Worst Selloff in 2025, Markets React to Trump Announcing Tariffs on Mexico, Canada
00:04:20 - Joseph Lavorgna, Chief US Economist at SMBC Nikko Securities America, on Trump 25% Tariffs on Mexico, Canada Tomorrow, Impact of Trump Tariffs
00:11:31 - Bloomberg’s Courtney McBride on Ukraine Minerals Deal Not Dead, Europe Possibly Aiding Ukraine More
00:13:16 - Jane Harman, Fmr. Chair of the National Defense Strategy, on If Minerals Deal Can Still Be Done, EU Needs To Step Up For Ukraine, Government Funding
00:20:19 - Political Panel on Thoughts on Pres. Trump’s Address to Congress, Will He Mention Minerals Deal, How Will GOP Congress React to Pres. Trump
00:25:36 - Bloomberg’s Michael Dorning on What to Expect From Congress as Government Funding Deadline Looms
00:28:40 - Rep. Frank Lucas (R) Oklahoma on Continuing Resolution, No One Wants a Shutdown, Thoughts on Pres. Trump Proposing Agriculture Tariffs
00:36:29 - Political Panel Previewing Pres. Trump’s Address to Congress, Will President Talk About Inflation & Prices, How Will Democrats Respond to Address
00:45:29 - Anchor Chat on Looking Ahead to the Week in Washington
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Published Mar 3, 2025