Trump En Route to Beijing For Highly-Anticipated Summit | Balance of Power: Late Edition 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.” (Source: Bloomberg)