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Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

White House Senior Advisor Gene Sperling as the Biden Administration announces tariffs on some imports from China.
Host of Bloomberg Law on Bloomberg Radio June Grasso as Michael Cohen continues testimony in the Donald Trump hush money trial.
Former Deputy National Security Advisor Mara Rudman about ongoing negotiations for a cease-fire in the Israel-Hamas war.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino as Speaker of the House Mike Johnson attends the Trump trial in New York.
Democratic Congressman Brad Sherman of California about legislative priorities in Congress as the House of Representatives returns to session.
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch about the impact of new tariffs on US-China relations.

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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.

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In a move that is sure to further escalate tensions between the United States and China, President Joe Biden has announced new tariffs targeting Chinese imports. The decision comes as part of ongoing efforts to address what the Biden administration sees as unfair trade practices by the Chinese government.

The new tariffs, which are set to take effect in the coming weeks, will target a wide range of Chinese goods, including electronics, clothing, and household appliances. The move is expected to impact billions of dollars worth of imports from China, further straining the already delicate trade relationship between the two economic powerhouses.

The announcement of these new tariffs comes at a time of heightened scrutiny of China’s trade practices. The Biden administration has been vocal in its criticism of China’s alleged intellectual property theft, forced technology transfers, and other unfair trade practices. The new tariffs are seen as a way to address these issues and level the playing field for American businesses.

However, critics of the tariffs argue that they could have negative consequences for American consumers. Tariffs often lead to higher prices for imported goods, which could ultimately hurt American consumers who rely on affordable products from China. Additionally, China has vowed to retaliate against any new tariffs imposed by the United States, raising fears of a potential trade war between the two countries.

The announcement of these new tariffs also highlights the delicate balance of power between the United States and China. Both countries are vying for economic supremacy on the global stage, with tensions between the two nations running high in recent years. The new tariffs are just the latest in a series of moves by both countries to assert their dominance and protect their own interests.

As the situation continues to evolve, it remains to be seen how China will respond to the new tariffs and what impact they will have on the broader trade relationship between the two countries. With both sides digging in their heels and tensions continuing to mount, the balance of power between the United States and China is likely to remain a key issue in the coming months and years.