Longtime China bear Kyle Bass and former Donald Trump adviser Stephen Bannon called on the U.S. president to walk away from trade talks with Beijing to achieve better terms later, accusing Wall Street and U.S. corporations of working on behalf of China’s Communist party.
“Corporate America is the lobbying arm for the Chinese Communist Party, and Wall Street is the investor relations department,” Bannon said at a conference Thursday at Manhattan’s St. Regis Hotel. “I think we gotta walk away from this right now, we gotta start playing hard ball, smashmouth,” he said, referring to the trade talks between the U.S. and China...
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