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Welcome, adam. >> the book began after the election of donald trump when you went with your daughter for a walk. >> she was shaken not because there had been a change in parties in power, i would not have sympathized or endured that for very long. that's a crucial part of our democratic balance. she was concerned about the new authoritarian i authoritarianism. i took her around and walked around our new york block for two or three hours, i did no good. but i made a mental memorandum to myself, i'm going to write a letter to my daughter trying to explain why the values i brought her up with and...

They are more trade dependent. on the other hand, the united states is a democracy, feels the pain more viscerally, who's going to blink? >> i think in the short term, china has more pain to take. but they're also taking a long view. i was struck by xi's latest speech. talking before the plans for one plan, one road. you see parts of italy, greece coming into the china orbit. i think that's pretty sophisticated. >> and maybe trump's mistake was not bringing -- >> i was going to say that, particularly the germans. he has some legitimate beefs with china, but so do the europeans. what i'm watchi...

Itself. and that has led to a real gap, and that's why you've seen this breathtaking buildup suddenly to the potential of war. and now this beginning of a pull back. how do you de-escalate once you reach this point and that is the challenge for both sides today. >> the way you de-escalate is in the trump administration, trump just changes the subject. he did this with north korea, where he hyped up the threat, then realized he wasn't going to get the nobel peace prize. the situation is the same, venezuela, they drew a red line saying maduro had to go. maduro didn't go, so he drew a line. >> th...

Particular, has had these very longstanding, and very hardline views on iran. >> well, there's clearly a split within the administration over what their end goal is. john bolton has had a longstanding relationship with the iranian opposition, he's talked about regime change, he wrote an op ed saying it was time to bomb iran, this is before taking his current job. he's talking about a counter revolution. whereas mike pompeo has modified that view, at the state department, more in line with president trump's view that you want to see a change in behavior, but he's issued 12 demands that amount t...

Also on china, maximum economic pressure to get the north koreans to abandon nukes. uf now to get iran back to renegotiate a nuclear deal it's showing no intention of renegotiating. trump's attempt to all those issues appears to have failed what is the plan b? the president may claim victory or success where there isn't, but the world is left with the consequences of that just not being supported by the facts. >> what do the iranians do? they're feeling the pressure, the iranian economy is reeling, it's going to contract 6% this year. can they make trouble or are they too weak at this point? >...