Former Vice President Pence Criticizes Trump's Tariffs; Russian Sanctions Loom

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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.

Former Vice President Mike Pence criticized Donald Trump’s tariff agenda, saying it was a starkly different approach to trade from his first term that would harm American consumers and businesses.

Pence told Bloomberg Television on Thursday that the tariffs enacted during Trump’s first presidency, when Pence served as the No. 2, were geared toward forcing nations to the negotiating table to lower barriers to trade. Pence said Trump was abandoning that approach for permanent import taxes. “We used tariffs and the threat of tariffs, principally focused on China, to leverage changes in behavior, but the objective was to essentially lower trade barriers and expand trade,” Pence said.

US Secretary of State Marco Rubio is scheduled to meet his Russian counterpart Thursday as the US prepares to send more weapons to Ukraine to help it fend off attacks from the Kremlin’s war machine.
Rubio and Russian Foreign Minister Sergei Lavrov are expected to hold talks on the sidelines of an Association of Southeast Asian Nations gathering in Kuala Lumpur, the State Department said.
The meeting comes as Russia has been pounding Kyiv and other Ukrainian cities with record numbers of drones and missiles, leading President Donald Trump to express his mounting frustration with President Vladimir Putin for keeping up attacks.

On this edition of Balance of Power, Joe and Kailey speak with:

• Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
• David Shimer, Biden National Security Council Director for Eastern Europe and Ukraine and Director for Russian Affairs. Senior Research Scholar at Columbia University’s School of International and Public Affairs
• Rep. Chuck Fleischmann, Republican representing Tennessee's 3rd District
• Sen. Shelley Moore Capito, Republican from West Virginia
• Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Arshi Siddiqui, Former Senior Aide to Former Speaker Pelosi, and Founder/CEO of Bellwether Government Affairs

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