U.S. Risks Recession With Brinkmanship On Trade, Says Former Treasury Secretary Larry Summers

Germany's industrial output fell more than expected in June, according to new figures out Wednesday — the latest warning sign of a global economic slowdown connected to the escalating trade dispute between China and the U.S. Some economists say there is a growing risk of recession.

"The risks of recession now look to be larger than at any time since the last recession," Larry Summers, who was treasury secretary under former President Clinton and director of the National Economic Council under former President Obama, tells Here & Now's Jeremy Hobson.