Veered back and forth leaving much of the world with geopolitical whiplash. let s dig deep we are nbc white house correspondent kristen welker, bill crystal, founding director of founding democracy together and elan mu we. what are your hearing from your sources, is there any concern at all from the staff or his campaign that these mixed messages on the trade war generally are having serious consequences for the economy that then will have consequences for the campaign? that s the big concern everyone has their eye on the economy, there s no doubt about that. what they continue to point to, chris, at the white house is the fact that, look, there are trade talks that are supposed to happen in september. those talks haven t been canceled. now, president trump really leaned into the idea during the g7 summit that, yes, there was going to be some type of movement. the reality is that there s no indication that the two sides are any closer together. but, again, significant that the trade
The business cycle. we don t have a strict inversion of the yield curve. what we have is a flat curve, which is a much less of a sign of recession. and the problem is the federal reserve policy. we re growing a little over 2% last quarter. we should have hit 3%. and the problem is the federal reserve raised rates too fast do you or the president take any responsibility whatsoever with the tariffs for the uncertainty is market has been feeling. so the first quarter gdp growth got us growth on china. the tariffs are working to bring china to the table. so far consumers have not are they? because those talks haven t seemed to get anywhere. again, let s look, the public right now as well as capitol hill in a rare bipartisan consensus is totally behind president donald j. trump
Except you people. i get along with a lot of people. i have a tremendous relationship with president xi. nobody else has the deal we have. we have tens of billions of dollars from china coming in. lots of things are happening. we are moving along toward something that could be very historic. i get along with president putin. i get along with crown prince mohammed bin salman. reporter: all of this is the president s answer to the criticisms. when it comes to the kim meeting, it is not clear what president trump is getting out of the friendship in part because denuclearization talks haven t gone anywhere. it is not clear this meeting at the dmz, if it happens, would make that process move forward any faster. ana. abby phillip, thank you. joining us now is national
Zero tariffs on all industries. this is basically a narrower version. it s going to be really hard like any massive trade negotiation. i don t have any indication they will withdraw the steel and aluminum tariffs but i do know the republicans are putting immense pressure on the administration quietly because they are worried. your whole first conversation about the economy, republicans see the trade agenda as the biggest risk for the midterms. chris: let s take a bigger look at the trade policy. there is no deal with the european union. the talks haven t even started. there s no deal on nafta with mexico and canada although there s a report of some progress. and there s certainly no deal, relations are tense and have gotten worse with china. how do you see the president trade policy and has specifically, his policy on tariffs. how do you see that playing out? as everyone has pointed out,