Nobel laureate Paul Krugman, a distinguished professor at the City University of New York, says the US is in a trade war. He also says he's shocked at how fast consumer expectations have deteriorated due to economic uncertainty. He speaks on "Bloomberg The Close." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for