Newsom Says California to Seek Tariff Exemptions From Allies

Rep. Tim Burchett (R) Tennessee discusses the market & economic reaction following President Trump’s reciprocal tariffs unveiling, and says there will be some short time pain, but in the long term it will be positive. He talks about how these tariffs may benefit Americans, why the President rather than Congress is working on trade policy, and if he will vote for the Senate’s budget plan. Rep. Burchett speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg’s “Balance of Power.” (Source: Bloomberg)