In recent weeks, searing rhetoric from President Trump has pushed our trading relations with both Europe and with China onto center stage. In the case of China, an escalating trade war has begun, and with Europe, President Trump and European Commission President Jean-Claude Juncker first clashed before agreeing in principle to work toward lowering barriers to commerce. Is Trump simply solving problems of his own making or is this part of a smart negotiating strategy that will ultimately benefit American consumers, producers and farmers? Can trade wars actually be won? Tyler Cowen, Holbert L. Harris chair of economics at George Mason University, and Gillian Tett, US managing editor for the Financial Times, discuss the ramifications of Trump's trade policy with Ray Suarez, former chief national correspondent for PBS NewsHour.

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