On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses President Trump's reciprocal tariffs kicking in. On today's show, White House Council of Economic Advisers Stephen Miran, Stonecourt Capital Partner Rick Davis, Bully Pulpit International Managing Director Adam Hodge and Former US Diplomat Mara Rudman. Chapters: 00:00:00 - Balance of Power: Early Edition Starts 00:03:58 - Laura Davison on Trade Talks Continuing as Tariffs Take Effect, Waller