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.”
Chinese leader Xi Jinping wrote in the letter that the Phase I deal is “good for China, the U.S. and the whole world.”
Trump is now getting ready to embark upon Phase II of the deal, which may ultimately lead to ending the tariffs that he has placed on China and a restoration of free trade.
“As soon as this kicks in we’re starting phase two,” Trump said. “I will agree to take those tariffs off if we’re able to do phase two, otherwise we don’t have any cards to negotiate with.”
Bannon agrees wholeheartedly with the President’s approach, and believes that the progress has vindicated Trump’s controversial trade war that has been criticized by strict free market ideologues.
“t’s the beginning of the end of the managed decline of the United States. It was [Trump’s] tariffs. He went against all economic orthodox, and was lambasted by the financial press. He stood up for the tariffs, and he broke the Chinese Communist Party,” Bannon said.
Bannon, who now hosts the War Room: Impeachment podcast, had a falling out with Trump after he left the administration, but a reconciliation may come in the near future. The President tweeted out several clips from Bannon earlier this week.
Trump retweets multi segments of a Fox News hit by Steve Bannon today 👀 https://t.co/SUrwrSzyMn
— Ben Jacobs (@Bencjacobs) January 13, 2020
If Bannon once again enters the President’s sphere of influence, it will be another strong nationalist voice in Trump’s ear when he needs it the most. Trump is dealing with the Senate impeachment trial heading into what is likely to be a contentious re-election campaign against his Democrat challenger in November.
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Georgia’s Unelected RINO Senator Cashed Out on Stocks After Coronavirus Briefing
Sen. Kelly Loeffler has demonstrated her cronyism.
Sen. Kelly Loeffler (R-GA), who was appointed to her post undemocratically against the wishes of President Donald Trump, has been revealed for selling stock shortly after a private briefing on the coronavirus.
She and her husband sold off a stunning seven figures worth of stock options after the Senate Health Committee held a private meeting with all Senators to brief them about the growing coronavirus epidemic.
“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy,” Loeffler wrote in a tweet about the briefing at the time.
Loeffler dumped stocks worth between $50,001 and $100,000 in Resideo Technologies following the hearing. The stock for Resideo has dropped by half since that point, as the Dow Jones has tanked by losing roughly 10,000 points.
She also made a buy of between $100,000 and $250,000 in Citrix, a tech firm specializing in teleworking that has bucked the market during its downturn due to the increased demand for remote networking because of coronavirus.
In subsequent tweets, Loeffler has repeatedly downplayed the threat of coronavirus.
“Democrats have dangerously and intentionally misled the American people on #Coronavirus readiness,” she wrote in a tweet on Feb. 28. “Here’s the truth: @realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe.”
“Concerned about #coronavirus?” she wrote in a tweet on March 10. “Remember this: The consumer is strong, the economy is strong, & jobs are growing, which puts us in the best economic position to tackle #COVID19 & keep Americans safe.”
Since she wrote those tweets, most of the country has been locked down, Wall Street has cratered, and death tolls have continued to spike.
Loeffler is not the only Senator who seemingly took information about coronavirus to benefit their own finances. Sen. Richard Burr (R-NC), who is chair of the Senate Intelligence Committee, had his hand caught in the cookie jar as well. He jettisoned between $500,000 and $1.5 million of stock in February after the meeting.
Burr knew about how potentially deadly the coronavirus could become, but only told his inner circle of well-connected constituents and kept the public in the dark.
“There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,” he told the insiders in the uncovered audio. “It is probably more akin to the 1918 pandemic.”
Loeffler was appointed to the U.S. Senate seat last year by Georgia Gov. Brian Kemp against the counsel of President Trump. Trump’s preferred pick for the seat, Rep. Doug Collins, is challenging Loeffler for her Senate position right now. The U.S. Senate election in Georgia will take place in November with multiple Republicans on the ballot.
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