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President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in the brewing transatlantic trade war. In a social media post today, Trump said he would move forward with the import duties if Brussels follows through with a tax on American whiskey exports.  

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:

• Bloomberg Chief Geoeconomics Analyst Jennifer Welch as NATO Secretary General Mark Rutte and President Donald Trump meet in the Oval Office.
• Chief Policy and Strategy Officer at the DC Fiscal Policy Institute Tazra Mitchell about the impact of the budget passed in the House of Representatives on the city.
• Bloomberg Politics Contributor Jeanne Sheehan Zaino and BGR Group's Lester Munson after Senate Democratic leader Chuck Schumer said his party will not support the GOP's plan to avert a government shutdown.
• Bloomberg's Saleha Mohsin interviews former US Treasury Secretary Steven Mnuchin about the state of the US economy, Trump's tariff policy and DOGE's actions at the Department of the Treasury.

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