Hoover Institution fellow Larry Diamond talks about US Treasury Secretary Steven Mnuchin's comment that China has agreed to eliminate tariffs on imported automobiles and White House economic adviser Larry Kudlow's comment that the US and China are “pretty close” to an agreement on stopping intellectual property theft.
Hoover Institution fellow Michael McFaul says that there is "a lot of continuity" between the Obama and Trump administrations on their policies toward Moscow. McFaul notes that Trump administration, as a whole, has a pretty sound policy towards Russia.
Hoover Institution fellow Martin Feldstein discusses the stock market's reaction to Federal Reserve Chair Jerome Powell's speech. Feldstein thinks the market may be overreacting to Powell's suggestion of more gradual future interest rate hikes.