Bannon is praising Trump’s trade progress with China.


Former White House chief strategist Steve Bannon appeared on CNBC’s Squawk Box on Wednesday to defend President Donald Trump’s trade policy regarding China.

“This is a huge win for President Trump,” said Steve Bannon of the Phase I trade deal. “Trump has changed the entire center of gravity of the way even the elites have to think about China.”

Yesterday, the U.S. and China signed the first phase of the landmark trade deal negotiated by President Trump. In the terms of the agreement, China has committed to do more to prevent the theft of intellectual property and corporate secrets. China has also pledged to stop currency manipulation, and buy $200 billion of U.S. goods to help close the trade imbalance.

“This is a very important and remarkable occasion,” Trump said as the agreement was signed, adding that correcting failed globalist trade deals is “probably the biggest reason why I ran for president. Together we are righting the wrongs of the past.”

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