Ex-Trump Adviser Says Trade War Is Backfiring

Former Trump economic adviser Gary Cohn told the BBC that President Trump’s trade war with China is backfiring and hurting the U.S. economy.

Said Cohn: “When you build plant equipment, you’re buying steel, you’re buying aluminium, you’re buying imported products and then we put tariffs on those, so literally the tax incentive we gave you with one hand was taken away with the other hand.”

He added: “So we are not seeing the manufacturing job creation.”