Trump En Route to Beijing For Highly-Anticipated Summit | Balance of Power 05/12/2026
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Representative Darrell Issa (R-CA), backs President Trump’s push for a federal gas tax holiday, calling the 18-cent cut “symbolic” but still meaningful for consumers. Ivo Daadler, Harvard University Belfer Center Senior Fellow & former US Ambassador to NATO under the Obama Administration, discusses whether or not he sees diplomatic progress between US & Iran in the near future. Josh Lipsky, Vice President & Chair of International Economics at the Atlantic Council, suggests Iran will not be on the agenda when Presidents Trump & Xi meet because Trump wants to “come away with the visit with some deliverables.”
Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:24 – Tyler Kendall on What to Expect From Trump-Xi Meeting Thursday in Beijing
00:05:28 – Rep. Darrell Issa (R-CA) on What Will Trump Be Able to Deliver From Xi Summit, US-Iran Talks, Trump Floats Temporary Gas Tax Holiday
00:13:23 – Breaking News: Anthropic in Talks to Raise $30B in New Funding at $900B in Value
00:14:05 – Power Moves: Top Financial Stories of The Day
00:17:25 – Ivo Daalder, Senior Fellow at the Harvard Belfer Center, on Chance of Diplomatic Progress Between US & Iran, Russia Ukraine Latest
00:24:52 – Nancy Cook on What Trump’s Gas Tax Plan Says About The War
00:28:00 – Josh Lipsky, Vice Pres. & Chair of Intl. Economics at the Atlantic Council, on Trade & Not Iran Being Discussed During Trump-Xi Summit
00:37:25 – Power Brief: Top Stories Watching Tonight
00:39:09 – Political Panel React to CEOs Attending Pres. Trump’s China Visit, US-Iran Talks & Gas Tax Holiday, Expectations Ahead of US-China Summit
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