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THIS IS "BALANCE OF POWER" LIVE FROM WASHINGTON, D.C. KAILEY: TONIGHT, A TEMPORARY GREEN LIGHT. CHIEF JUSTICE JOHN ROBERTS IS CONSTRUCTION ON OF THE BALLROOM CAN CONTINUE FOR NOW WHILE THE LEGAL FIGHT GOES ON. WE WILL BREAK IT DOWN. PLUS, A MIDNIGHT DEADLINE LOOMING. NEGOTIATORS HAVE HOURS TO FINALIZE A TRADE DEAL BEFORE NEW 50% TARIFFS ARE SET TO TAKE EFFECT AS PRESIDENT TRUMP MOVES TO EASE SEPARATE TARIFFS ON BEEF IMPORTS IN A BID TO BRING DOWN PRICES.

COST OF THE CONFLICT. ANOTHER PRESSURE POINT FOR AFFORDABILITY, ELEVATED ENERGY PRICES WITH BRENT CRUDE HOVERING ABOVE $90 A BARREL AS THE CONFLICT WITH IRAN DRAGS ON WITH NO END IN SIGHT. WE WILL SPEAK WITH CLAYTON SIEGEL ABOUT THE OUTLOOK FOR ENERGY MARKETS. FROM BLOOMBERG'S WASHINGTON DC STUDIOS TO OUR TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER," I'M KAILEY LEINZ, JOE MATHIEU HAS THE NIGHT OFF.

WE KICKOFF COVERAGE WITH A BIG, GET TEMPORARY WIN FOR THE PRESIDENT AND HAS LONG SOUGHT WHITE HOUSE BALLROOM. AFTER SUPREME COURT JUSTICE JOHN ROBERTS SAID THE PRESIDENT CAN CONTINUE THE -- BUILDING THE BALLROOM FOR NOW WHILE THE JUSTICES CONSIDER A LONGER RULING OR THE PROJECT. JOINING US IS GREG STOHR WHO IS HERE WITH ME IN OUR WASHINGTON DC BUREAU. THE OPERATIVE WORD OR WORDS SEEMS TO BE FOR NOW. HOW LONG MIGHT IT BE BEFORE THE COURT MAKES A FINAL RULING?

GREG: IT COULD BE A MATTER OF DAYS AND BY FIRM AND FINAL WE REALLY MEAN UNTIL THE LITIGATION CONCLUDES, WHICH COULD BE A WHILE. THIS WHOLE THING IS TEMPORARY BUT THIS IS SOMETHING THAT GIVES THE COURT MORE TIME TO DO WHATEVER IT IS GOING TO DO. IT KEEPS THE STATUS QUO AND THE STATUS QUO IS THE PRESIDENT CAN BUILD AND THEY ARE BUILDING AS FAST AS THEY CAN AT THE WHITE HOUSE. KAILEY: IS THERE A CHANCE THAT EVEN IF THE COURT SAYS OK, YOU CAN BUILD WHILE THE FIGHT DRAGS ON THAT THE FIGHT DOES NOT REACH AN ULTIMATE CONCLUSION UNTIL THE PROJECT IS DONE?

GREG: THAT IS VERY LIKELY. IT WILL BE LARGELY COMPLETED, THE STRUCTURE WILL BE COMPLETED BEFORE THE LEGAL FIGHT FINISHES, THAT IS SOMETHING THAT FOLKS OR CHALLENGING THE BALLROOM ARE VERY MUCH WORRIED ABOUT AND IT IS SOMETHING THE PRESIDENT IS USING TO SAY IT IS TOO LATE, SUPREME COURT, THE BALLROOM IS ESSENTIALLY BUILT. KAILEY: JUST QUICKLY WE GOT THIS FROM THE COURT TODAY, WE ARE STILL AWAITING THE COURT TO DECIDE ON WHETHER OR NOT IT IS GOING TO AGREE TO THE MAIL-IN BALLOTS.

HOW FAR MIGHT WE BE FROM THAT? GREG: THE PRESIDENT IS TRYING TO USE THE POSTAL SERVICE TO RESTRICT TO CAN GET MAIL-IN BALLOTS TO KEEP THEM FROM GETTING TO INELIGIBLE VOTERS. KAILEY: I HAVE A FEELING GREG WILL BE BACK WHEN THAT ONE COMES BACK. THANK YOU SO MUCH FOR JOINING US. WE TURNED TO THE CLOCK TICKING DOWN FOR THE U.S. CANADA TRADE DEAL WOULD JUST UNDER SEVEN HOURS UNTIL THE MID-LIGHT -- MIDNIGHT DEADLINE HITS. DESPITE DAYS OF MEETINGS BETWEEN U.S.

TRADE REPRESENTATIVE JAMIESON GREER AND HIS CANADIAN COUNTERPARTS AND REPORTS THEY ARE NEARING AN AGREEMENT. LET'S GO TO JEFF MASON LIVE AT THE WHITE HOUSE FOR MORE. I FEEL LIKE I FREQUENTLY TELL YOU, DO WE HAVE ANY SENSE OF WHETHER A DEAL IS COMING SOON? JEFF: THE CLOCK IS TICKING. THE PRESIDENT WAS JUST SPEAKING TO REPORTERS ON THE TARMAC OF JOINT BASE ANDREWS BEFORE HOPPING ONTO AIR FORCE ONE AND HE WAS ASKED ABOUT IT AND HE SAID THAT ADIL WAS COMING ALONG OR THAT TALKS WERE COMING ALONG, BUT HE DIDN'T REALLY TIP HIS HAND ABOUT WHETHER OR NOT HE WOULD BE OFFERING AN EXTENSION, WHETHER AN EXTENSION IS NEEDED, OR WHETHER THEY WILL HAVE SIGNED AND OR AT LEAST COME UP WITH A FINAL CONCLUSION BY THE END OF THE DAY.

KAILEY: WE MAY NOT HAVE AN ANNOUNCEMENT YET ON TARIFFS WHEN IT COMES TO CANADA, THE PRESIDENT DID ANNOUNCE SEPARATE TARIFF RELIEF FOR CERTAIN GROUND BEEF IMPORTS IN RETURN FOR A PLEDGE THAT IT IS GOING TO TRANSLATE INTO LOWER PRICES FOR AMERICAN CONSUMERS. I DON'T KNOW WHETHER OR NOT YOU WANT TO WEIGH IN ON HOW SOCIALIST OF THAT IDEA SOUNDS, BUT TALK ABOUT THE POTENTIAL POLITICAL CONSEQUENCES OF IT. JEFF: I THING I WILL STAY AWAY FROM THE FIRST POINT BUT I'M HAPPY TO WEIGH IN AT ONE POLITICS.

IT'S TRICKY, THE PART THAT IS MAY BE GOOD FOR HIM AND THAT CERTAINLY APPEARS TO BE THE INTENTION BEHIND THE MOVE IS THAT HE IS TRYING TO BRING PRICES DOWN AT A TIME WHEN THE HIGH COST OF GOODS AND CERTAINLY THE HIGH COST OF GROCERIES IS A POLITICAL LIABILITY FOR HIM AND HIS REPUBLICAN PARTY GOING INTO THE MIDTERMS. HE DIDN'T GET A PRAISE FROM SOME REPUBLICANS PARTICULARLY THOSE IN STATES WITH A LOT OF FARMERS AND RANCHERS LIKE MONTANA AND WYOMING WHO CRITICIZED THE MOVE AND SAID THIS WAS ACTUALLY UNDERMINING DOMESTIC RANCHERS AT A TIME WHEN THEY ARE STRUGGLING TO RAISE BEEF AND TO BRING IN MONEY THEMSELVES BECAUSE OF DROUGHTS AND PROBLEMS IN THAT INDUSTRY.

SO, GIVEN BASICALLY A LEG UP TO IMPORTED BEEF MAY BRING SOME PRICES DOWN FOR CONSUMERS BUT IT'S NOT HELPING THE DOMESTIC GROWERS AND DOMESTIC FARMERS AND THAT IS A REALLY IMPORTANT CONSTITUENCY TO HIM GOING INTO NOVEMBER AND GOING INTO THE PRESIDENTIAL ELECTION FOR WHOEVER SUCCEEDS HIM INTO .5 YEARS. KAILEY: I CAN'T TALK TO YOU ONE OF THE NORTH LAWN WITH THE BALLROOM CONSTRUCTION HAPPENING JUST BEHIND YOU WITHOUT ASKING YOU ABOUT THIS RULING WE WERE JUST DISCUSSING WITH GREG.

THIS IS OBVIOUSLY WHAT THE PRESIDENT WANTS. THE COURT'S RULING IN HIS FAVOR IN THIS CASE BUT DO THEY REALLY HAVE A CHOICE? JEFF: IT IS A WIN FOR THE PRESIDENT NO DOUBT AND I THINK YOUR QUESTION IS SPOT ON. AND MANY WOW IN MANY WAYS THE WHITE HOUSE HAS SAID, WHAT ARE THEY SUPPOSED TO DO IF THE BALLROOM IS NEARLY FINISHED AND IT IS NOT NEARLY FINISHED BUT THEY ARE GETTING A LOT OF PROGRESS DONE. DESPITE THE LEGAL ENTANGLEMENTS IT SEEMS TO HAVE BEEN THE WHITE HOUSE'S STRATEGY TO JUST BUILD, BUILD, BUILD AND THE BROADER POLITICAL STRATEGY THERE HAS ALSO BEEN JUST DO IT, DON'T ASK PERMISSION, ASK FORGIVENESS LATER.

HE'S NOT EVEN ASKING FOR FORGIVENESS, HE'S JUST DOING IT AND THAT IS HAVING RAMIFICATIONS IN THAT HE ALREADY TORE DOWN THE EAST WING. THAT IS GONE. THE BALLROOM IS BEING BUILT. IT IS FACING THESE LEGAL ENTANGLEMENTS, WE WILL SEE WHAT THEY SAY ABOUT IN THE FINAL RULING BUT IN MANY WAYS IT LOOKS LIKE THE COURTS HANDS ARE TIED. KAILEY: BLOOMBERG'S JEFF MASON. THANK YOU. THE PRESIDENT SAID THEY HAVE WANTED IT FOR OVER A HUNDRED YEARS IN THE MILITARY HAS WANTED IT FOR OVER 100.

I DID NOT KNOW THEY WERE THINKING ABOUT DRONE PORTS 100 YEARS AGO. RUNNING MEAN I WAS THE FORMER NATIONAL TRADE MINISTER OF CANADA. MARY, WELCOME TO BLOOMBERG TV AND RADIO. GREAT TO HAVE YOU. I WONDER IF YOU ARE HEARING ANYTHING FROM YOUR COLLEAGUES WHO ARE CURRENTLY ENGAGED IN THESE NEGOTIATIONS AS TO WHETHER OR NOT FORWARD PROGRESS IS BEING MADE, AS TO WHETHER A DEAL CAN BE REACHED OR WE MIGHT HAVE TO SEE ANOTHER EXTENSION?

MARY: IT IS GREAT TO BE HERE AND I BELIEVE THE CHIEF NEGOTIATOR AND THE MINISTER ARE AT THE BUILDING RIGHT NOW AND THEY ARE HARD AT WORK TRYING TO GET TO A DEAL BY THE END OF THIS EVENING AND TO MEET THAT DEADLINE. I'M HOPING THEY WILL BE ABLE TO GET THERE BASED ON A LOT OF THE POSITIVE SIGNALS NOT ONLY FROM THE CANADIAN SIDE BUT ALSO FROM AMBASSADOR GREER. I THINK BOTH TEAMS ARE HARD AT WORK WE WILL SEE. KAILEY: INDEED WE WILL.

NOTHING IS FINAL UNTIL EVERYTHING IS, WHAT WE COULD SEE A REDUCTION OF TARIFFS ON CANADIAN STEEL, AUTO TARIFFS WOULD GO DOWN FROM 25% TO 15% IT SEEMS AT LEAST IN MOST CASES. IS THAT A GOOD DEAL FOR CANADA IF IT IS STILL A GREEN TO SOME LEVY BEING PLACED ON THESE EXPORTS? MARY: ONE OF THE REALLY IMPORTANT THINGS TO DO IS MAKE SURE CANADA DOESN'T GET A 50% TARIFF ON SO MUCH OF OUR ECONOMY WHICH IS REALLY WHAT THE ISSUE IS AT THE MOMENT.

AND THAT IS SOMETHING I KNOW THE TEAMS HAVE GONE TO WORK HARD ON TO MAKE SURE WE DON'T GET A 50% TARIFF, BUT LOOK THE IDEAL SITUATION REALLY WOULD BE NO TARIFFS AT ALL, BUT WE KNOW THAT THAT IS NOT THE OUTCOME THAT CANADA IS GOING TO GET FROM THIS PRESIDENT BECAUSE THIS PRESIDENT HAS BEEN VERY CLEAR ABOUT TARIFFS, THE IDEA OF NO TARIFFS, I THINK THAT IS NOT GOING TO HA

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