Reich, who served under President Bill Clinton, noted on MSNBC’s “The Beat with Ari Melber” how the Trump administration’s 2017 tax cut for the rich had given the stock markets a “kind of sugar high.”
“Sugar highs are temporary,” he noted, amid warnings of another global economic downturn.
“The second thing is China. This trade war with China, not only is there no strategy, but it also is extremely dangerous,” said Reich. “This is the largest and second-largest economies in the entire world. And to have them going at each other is dangerous for the whole world economy.”
Reich also described Trump as an unfocused leader.
“This is a president who not only doesn’t know details, but he lies about the details he does know,” Reich said. “No, there’s not going to be any focus. There’s no economic strategy. There’s nobody around him capable of even advising him and having him listen to on economic strategy.”
Check out the interview from the 10:30 mark above.