Trump Eases Tariffs on Ground Beef | Radio Balance of Power: Early Edition 8/21/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondent Kailey Leinz discusses the latest from the Trump Administration. On today's show, former Deputy US Trade Representative Sarah Bianchi, Stonecourt Capital Partner Rick Davis, Brownstein Hyatt Farber Schreck Partner Sarah Mercer and former US National Security Advisor John Bolton. Chapters 00:00:00 Opening: Canada Trade Deadline & Trump's Beef Plan 00:01:10 Market Update: Stocks Rally, Bitcoin Tops $77K 00:03:08 U.S.-Canada Trade Deal Comes Down to the Wire 00:03:44 Trump Moves to Lower Beef Prices 00:06:14 Canada Talks: Steel, Aluminum & Auto Tariffs 00:08:11 What a Canada Trade Deal Means for Both Economies 00:11:02 Final Hours of U.S.-Canada Negotiations 00:15:01 China, Iran & Trump's Economic Pressure Strategy 00:16:36 China's Rare Earth Leverage Over the U.S. 00:20:36 Trump Heads to South Carolina for Senate Runoff 00:22:02 Political Panel: Trump's Endorsement Power Tested 00:26:22 South Carolina & the 2028 Democratic Primary 00:30:11 Democrats, Socialism & the Battle for the Party Base 00:34:41 Trump's "Economic D-Day" Against Iran 00:36:22 John Bolton on Trump's Iran Strategy 00:38:07 Can Economic Pressure Force Iran to Change? 00:40:07 U.S. Munitions & Military Options Against Iran 00:41:30 China, Iran & the Strait of Hormuz 00:42:47 Trump, South Korea & U.S. Strategy in Asia 00:44:38 North Korea's Nuclear Message to Iran 00:46:11 Marco Rubio's Role in Trump's Foreign Policy -------- 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