Audio Clip: Matt Mackowiak with Tony Fratto

Trade is the subject of the 95th episode. Our guest is Tony Fratto, founding partner of Hamilton Place Strategies, CNBC contributor, and former senior Treasury official. In this deep dive, we discuss the state of play on trade actions and reactions, NAFTA, fast-track authority, the Mexican presidential transition, how trade may affect the midterm elections, the recent $12 billion agriculture bailout, the role of Peter Navarro and how tariffs are being used against the EU and China.