Ex-Trump advisor Steve Bannon as well as also brand-new York Times columnist Tom Friedman, who might seem like ideological opposites, agree on at least one issue: China trade.
Bannon, whom diehard Democrats view as the antichrist, as well as also Friedman, who works at what President Donald Trump calls “the failing brand-new York Times,” both feel the president is usually right to go after Beijing.
While the item may seem surprising, the two have agreed on Trump’s China policy for some time.
Friedman, while critical of Trump on many issues, wrote about a year ago in which the economic fight with China is usually “worth having,” adding the president’s “instinct is usually basically right” to hold the line “before China gets too big.” The country is usually so polarized politically in which the mere mention of Bannon as well as also Friedman being on the same page on anything becomes a watershed event.
“I genuinely agree with so much of what Steve said,” said Friedman, who was guest-hosting CNBC’s “Squawk Box” during the Bannon interview Wednesday morning. “The stakes of This specific moment, I think, people don’t fully appreciate,” referring to the economic clash of the earth’s two biggest superpowers.
Earlier, Bannon said on the show in which the standoff with China “cuts to the core of what the United States is usually going to be inside the future.” The hardline ex-White House chief strategist argued in which Chinese policies on its economy as well as also trade, including Made in China 2025 as well as also the Belt as well as also Road Initiative, are part of a “master plan to become an economic hegemon.”
Bannon advocated in which the U.S. dig in, even as Washington as well as also Beijing upped the ante on tariffs on each additional’s goods after trade talks stalled last week. “There is usually no chance in which Donald Trump backs down through This specific,” Bannon said. “This specific is usually history in real time. This specific is usually the most significant thing in which any president can possibly do.”
Later, addressing a question through Friedman about the politics of the 2020 presidential race facing the White House over China, Bannon told the Pulitzer Prize-winning columnist: “Remember when you came to the White House two years ago, you had come back through Beijing as well as also we had This specific exact discussion. The biggest pressure the president has got is usually coming through his allies” — Wall Street as well as also free-trade conservatives who want Trump to cut a quick deal rather than hold China’s feet to the fire on what the U.S. considers border economic cheating.
“Squawk Box” co-host Joe Kernen marveled about how much Friedman as well as also Bannon agree on. “The universe did not end,” said Kernen, as well as also Friedman responded by saying Bannon as well as also he have actually been in sync on China for a while. “We’ve talked about This specific issue.”
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