How the US-China trade war will do 'enormous damage' to the world

In a dramatic twist, President Trump announced an abrupt reversal of the tariff policy that had spooked the markets and threatened to upend world trade. While many trading partners have been given a temporary reprieve, Washington’s tit for tat with Beijing has reached new heights. Where does it leave the credibility of the Trump administration? Host Anne McElvoy talks to Jason Furman, former U.S. President Barack Obama’s top economic adviser and chair of his Council of Economic Advisers. He’s currently the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School and the Department of Economics at Harvard University. She's also joined by Nahal Toosi, POLITICO’s senior foreign affairs correspondent, who has been closely following the machinations of Trump’s new tariff regime.  Learn more about your ad choices. Visit megaphone.fm/adchoices