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Going to push the united states economy into a recession, the president's trade war with china? >> i am very concerned about this trade war. it's certainly hurting our economy, the way the president's handling these trade negotiations is not in our economic interest. it's clear china has violated trade rules but the united states has isolated ourselves with our traditional trading partners, so it's just the u.s. versus china rather than having the major market economies on our side. going into g7 it would be good to have the g7 leaders on our side dealing with china. i doubt if we will. >> tha...

At customink.com >> we know they are killing americans with vents and all, we know they manipulate their currency. when americans understand that and when china tries to bully us, that only strengthens our resolve. negotiations will continue behind closed doors, we are going to resume those talks in september. i'm very concerned about this trade war. certainly hurting our economy, the way the president's handling these trade negotiations is not in our economic interests. it's clear that china has violated trade rules, but the united states has isolated ourselves with our traditional trading pa...

Not clear that the trump administration has a coherent strategy for getting to a positive ending with china. >> so what do you think china's next move is? do you think we're going to get any sort of deal before 2020? especially if you factor in the conflict going on there. >> i think it's looking less and less likely. look, their strategy on china was always a big gamble from the start. instead of sort of trying to build a coalition of free market democracies to build stronger trade rules and press china in the right direction, instead of joining tpp and doing those kinds of things, we did the...

Economy, but the world economy, into a big spin. so again, it's important that we deal with china. it's important that they honor trade rules internationally. i think it's better again if we just don't do it alone and we're able to march together. in addition to that, you mentioned at the top the deficit in this country. they say he's a former governor, republican candidate for president, cnn contributor. i was chairman of the house budget committee. >> i can't list all of your resumé. >> no, i know. mvp of the congressional baseball game. >> that too. i wanted to ask you, where are the budge...

But now the administration is threatening unilaterally to set new and independent trade guidelines if the wto does not change its policy on developing countries in 90 days. this isn't the first time trump has jeopardized the world's main trade referee. the body's other duty is to arbitrate any trade disputes, but that court may be defunct by year's end. the united states has blocked the appointment of any new members. it could soon be too small to do this job legally. china may be the battle front for today's trade war, but the rules-based internationals order is really what's at stake here. ...