Trump to Levy More Chip Tariffs | Radio Balance of Power: Early Edition 9/2/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondent Kailey Leinz discusses the latest from DC. On today's show, Republican Congressman Jodey Arrington of Texas, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and US Commerce Secretary Howard Lutnick. Chapters 00:00:00 Radio Balance of Power: Early Edition 00:01:02 Market Update: Oil Climbs, Stocks Turn Higher 00:03:18 U.S.-Iran Fighting Escalates in Strait of Hormuz 00:05:39 Trump's Iran Strategy & Economic Warfare 00:06:38 Venezuela Oil & the Push to Lower Gas Prices 00:08:23 Congress Avoids a Government Shutdown 00:10:56 Defense Spending & the Iran Conflict 00:12:23 America's Debt, Deficits & Rising Bond Yields 00:15:01 Bessent's Fiscal Plan & Social Security 00:17:29 AI Data Centers & the U.S. Economy 00:20:47 Massachusetts Primary: Ed Markey Wins Again 00:22:31 Political Panel on Age & Democratic Leadership 00:27:29 Democratic Divisions on Capitol Hill 00:30:15 G20, AI & the Data Center Backlash 00:32:12 Howard Lutnick on Selling America on AI 00:34:08 Data Centers, Power & China's AI Challenge 00:36:26 U.S. vs. China in the Global AI Race 00:38:38 Lutnick on Semiconductor Tariffs & U.S. Manufacturing 00:41:09 Why the U.S.-Canada Trade Deal Fell Apart 00:43:13 Lutnick Reflects on 25 Years Since 9/11 00:47:38 Data Centers Become a Midterm Political Issue 00:49:37 U.S.-China AI Tensions & Anthropic -------- 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