Business
Trump Imposes 50% Tariff on Semi-Finished Copper Products | Balance of Power: Late Edition 7/30/2025
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, shares his opposing thoughts on Federal Reserve Chair Powell stating interest rates need to stay high to make sure President Trump’s tariff policy only increases prices of goods once. Senator Jeanne Shaheen (D-NH) discusses the tariff uncertainty issues she is hearing from businesses in her state. Rep. Ryan Mackenzie (R-PA) talks about how his constituents feel about the Trump Tax Bill.
Chapters:
00:00:00 – Late Edition of Balance Power Begins
00:01:54 – Laura Davison on Pres. Trump Imposes 50% Tariff on Semi-Finished Copper Products, What to Expect Ahead of Aug. 1 Tariff Deadline
00:04:13 – Michael McKee on How to Understand Federal Reserve Leaving Rates Unchanged
00:06:59 – Bloomberg’s Power Moves: Romaine Bostick on Markets See Worst Fed Day Since December, Trump Imposes 50% Tariffs on Copper Imports
00:10:34 – Bloomberg’s Power Moves: Ed Ludlow on Microsoft & Meta Earnings
00:15:35 – Bloomberg’s Power Brief: Top Stories Watching Tonight
00:18:02 – Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, on Fed Holding Rates, Trump Tariffs, Labor Market Latest
00:24:53 – Sen. Jeanne Shaheen (D-NH) on Tariff Legislation, Tariff Uncertainty for Local Businesses, Signal Gate Latest
00:32:15 – Rep. Ryan Mackenzie (R-PA) on How Constituents Are Receiving the Trump Tax Bill
00:37:21 – Political Panel React to Trump Boasts New GDP Numbers, Fmr. VP Harris Will Not Run for California Gov., Texas Map Redistricting
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SW Retail Advisors President and founder Stacey Widlitz discusses Lululemon Athletica lowering its full-year outlook for a second straight quarter on “Bloomberg The Close.”
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Apple CEO John Ternus is preparing for his first major product event since succeeding Tim Cook, with a foldable iPhone expected to headline the September 9 launch. Bloomberg Intelligence Senior Hardware Analyst Woo Jin Ho joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and says Ternus’ engineering background could bring renewed focus to hardware and expanding Apple’s ecosystem as smartphone upgrades become increasingly incremental.
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Africa has seen lots of economic growth in the last few years. According to the United Nations, growth across the continent is expected to reach 4.0% in 2026.
Joe Studwell, author of How Africa Works: Success and Failure on the World’s Last Developmental Frontier, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss what is driving this economic growth and how it compares to Asian counterparts.
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President Donald Trump suggested the Pentagon will start targeting drug cartels with strikes on land in Venezuela and beyond.
Trump said the US could target any country trafficking illegal narcotics into the US, mentioning both Colombia and Venezuela.
Trump has previously said he wanted to widen the US military attacks against drug cartels that have fueled a deadly domestic opioid crisis.
Read more: https://www.bloomberg.com/news/articles/2025-12-02/trump-said-us-will-soon-do-land-strikes-on-drug-traffickers
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Josh Kushner and Bob Iger are buying the Los Angeles Lakers basketball team for a record-breaking price of $12.5 billion, according to people familiar with the matter. Randall Williams has the details.
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