Conservative economist Greg Mankiw on China trade: US makes minor tweaks and Trump exaggerates it

The best-case scenario for the U.S trade war with China is the Trump administration strikes a minor agreement similar to the one made with Canada and Mexico, former top White House advisor Greg Mankiw says. In that situation, President Donald Trump will likely "exaggerate how magnificent" the deal is "and then we'll move on," he says. The best-case scenario for the U.S trade war with China is the Trump administration strikes a minor agreement similar to the one made with Canada and Mexico , a former top White House advisor told CNBC on Wednesday.