If they hadn’t already, the politics of the presidential campaign are definitely bumping up against economic reality now.

“Trade war?” presumptive Republican nominee Donald Trump said at a fundraiser this week. “We’re losing $500 billion in trade with China. Who the hell cares if there’s a trade war?”

That’s what we’re asking Bloomberg’s David Gura and Catherine Rampell for the Washington Post to start off this week’s Wrap.

Hear the full conversation in the audio player above.