Larry Summers: No question Trump blinked on China tariffs

Former Treasury Department Secretary Larry Summers said Monday that there was no question that President Trump blinked when it came to the recent agreement on a 90-day pause between the United States and China on most tariffs imposed on each other since early last month.

“I think it’s very clear that it’s President Trump who blinked,” Summers told CNN’s Kasie Hunt on “The Arena.” “We had said that we were determined to impose these policies for an indefinite period.”

“China...