Canada Matches Trump Tariffs | Radio Balance of Power: Early Edition 8/25/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from the Trump Administration. On today's show, Democratic Congressman Gabe Amo of Rhode Island, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Republican Congressman Kevin Brady. Chapters 00:00:00 Radio Balance of Power: Early Edition 00:00:55 Market Update: Canada Tariffs & Nvidia 00:02:43 China Pushes Back on Iran Sanctions 00:03:53 Canada Matches U.S. Tariffs Dollar for Dollar 00:04:56 White House on the Escalating Canada Trade War 00:07:32 China Threatens Retaliation Over Iran Sanctions 00:09:19 Rep. Gabe Amo on Iran, Canada & Congress 00:12:13 Strait of Hormuz, Gas Prices & Affordability 00:13:19 Canada Tariffs Hit Rhode Island Businesses 00:16:16 Congress Returns With Shutdown & Pentagon Fights 00:19:02 Market Update: Oil Falls, Stocks Rise 00:21:29 Supreme Court Allows Mail-In Voting Restrictions for Now 00:23:45 Political Panel on Trump, USPS & Elections 00:26:11 Could Mail-In Voting Restrictions Affect 2028? 00:28:33 Why Republicans Rely on Mail-In Ballots 00:32:35 Market Update: Oil Slides Ahead of Nvidia Earnings 00:34:39 Kevin Brady on the U.S.-Canada Trade Standoff 00:37:29 Can the U.S. and Canada Still Reach a Deal? 00:39:16 The Future of the USMCA 00:41:06 Capital Gains Taxes & the $40 Trillion Debt 00:44:24 Treasury Buybacks, Spending & the Bond Market 00:47:03 Affordability & the Midterm Elections -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts