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Fareed Zakaria GPS

Takeaways from the US-China summit; Jason Furman on the New Fed chair

Fareed Zakaria GPS

CNN

News

4.23.1K Ratings

🗓️ 17 May 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

Today on the show, President Trump is back from two days of high-level talks in China. Matt Pottinger, the deputy national security advisor in the first Trump administration, and Jessica Chen Weiss, professor of China Studies at Johns Hopkins School of Advanced International Studies, join the show to discuss the summit and what it means for Taiwan. Next, Fareed speaks with Jason Furman, professor at Harvard Kennedy School and former chair of the Council of Economic Advisers under President Obama. They discuss why the stock market continues to rise even while inflation spikes in the midst of the Iran war, and what Furman expects from new Fed Chair Kevin Warsh. Finally, a recent poll shows 70% of American adults under the age of 50 now hold an unfavorable view of Israel. Fareed discusses with Israeli-American historian Omer Bartov who has a new book out, “Israel: What Went Wrong.” GUESTS: Jessica Chen Weiss (@jessicacweiss), Matt Pottinger, Jason Furman (@jasonfurman), Omer Bartov (@bartov_omer) Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This is GPS, the Global Public Square.

0:05.0

Welcome to all of you in the United States and around the world.

0:08.0

I'm Farid Zakaria coming to you, live from New York.

0:11.0

Today on the program, Donald Trump goes to China.

0:15.0

He was greeted and fetid and taken to a place rarely visited by outsiders.

0:21.6

But what was accomplished?

0:23.6

I'll give you my take and then get two very different perspectives.

0:27.6

Plus, we'll take a detailed look at what war and inflation have done to the American economy.

0:34.6

Jason Furman, former chair of the Council and Economic Advisers,

0:39.3

will describe the challenge for the new Fed chairman.

0:44.3

Also, Israel has achieved resounding military success in recent years,

0:50.3

but it is losing the war of public opinion, according to recent polls in America.

0:56.0

I'll explore with the Israeli-American scholar Omar Battoff.

1:00.0

But first, here's my take.

1:06.0

Regular viewers know that I have not been a fan of Donald Trump's foreign policy in his second term.

1:12.5

From threatening to seize Greenland and annex Canada, unilaterally raising tariffs sky high

1:18.3

to the fiasco of the Iran War, Trump has been reckless, chaotic, and deeply destabilizing.

1:25.4

But he might well turn out to have the right instincts and perhaps even the

1:29.8

right policy in one crucial arena, the U.S.-China relationship. In Trump's recent interactions

1:36.6

with Xi Jinping, we saw a version of him rarely on display. He was respectful, almost deferential,

1:47.8

eager to emphasize their personal rapport. She, by contrast, remained formal, disciplined, and never especially warm. The asymmetry was revealing.

1:56.2

Donald Trump is obsessed with power. More than ideology or values, of course, he thinks in terms of leverage

...

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