Tariffs on China Will Be Ultimate Test of Trump’s Beliefs

Tariffs on China Will Be Ultimate Test of Trump’s Beliefs

The New York Times

To Stephen K. Bannon, the political strategist who helped get President Trump elected but no longer speaks to him, the next few weeks will present his former client with the ultimate litmus test.

If Mr. Trump stands firm on $150 billion worth of tariffs he has threatened to impose on China, Mr. Bannon said, he will fulfill the promise of his nationalist presidential campaign. If he retreats, because of either a hemorrhaging stock market or a rebellious Republican Party, he will demonstrate that the Trump movement was not much of a movement after all.

“This is going to be a bumpy ride,” Mr. Bannon said in an interview Monday. “I don’t think he’ll back off because of a couple of bad days in the stock market — and I do think he’ll have a couple of bad days.”

Read more