EU Expects US Tariffs to Stay | Balance of Power: Early Edition 04/15/2025

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the progress made so far between the US and its trading partners on deals to remove or lower tariffs. On today’s show, Tax Foundation’s Vice President of Federal Tax Policy Erica York, Stonecourt Capital Partner Rick Davis, Iona University Professor Jeanne Sheehan Zaino and US Bank Asset Management Chief Investment Officer Eric Freedman. Chapters: 00:00:00 – Balance of Power Begins 00:04:55 – Bloomberg’s Tyler Kendall on EU & US Have Made Little Progress On Trade Talk, US-China Trade War Escalates 00:09:10 – Tax Foundation’s Senior Economist & Research Director Erica York on IRS to Lose 20% of Workforce to Trump Resignation Offer 00:20:00 – Political Panel on Pres. Trump Threatens Harvard’s Tax-Exempt Status After Rebuke, El Salvador Pres. Says Can’t Return Deported Maryland Man to US 00:32:24 – Governor Glenn Youngkin (R) Virginia on Impact of Tariffs 00:35:39 – Eric Freedman, Chief Investment Officer at US Bank Asset Management Group, on Trump Admin. on Investments, Tariffs, Economy ——– More on Bloomberg Television and Markets