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China Hawks Gain Upper Hand as Trump Squeezes Beijing Over Trade

  • Bannon urges president not to ‘soften his stance’ on tariffs
  • Mnuchin says economic team in agreement on raising levies
Bloomberg business news
Sen. Bill Cassidy (R-LA) discusses ongoing U.S.-China trade negotiations.(Source: Bloomberg)

The China hawks in Donald Trump’s orbit find themselves with the upper hand after the president turned the screws on Beijing for allegedly reneging on a key promise in high-stakes trade talks.

Trump’s threat on Sunday to raise tariffs on billions in Chinese imports as the two sides neared what appeared to be a deal marked a victory for political allies who’ve long warned that the U.S. must take a tougher line with the world’s second-largest economy.