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“Ask the working people in Ohio, Pennsylvania and Michigan about
Wall Street. Wall Street supported and cheered on the export of
their jobs. To hell with Wall Street if they don’t like it. It’s
time somebody stood up to them and Donald Trump is the perfect
guy. Wall Street is always short term. Trump is trying to
protect the beating heart of American capitalism - our
innovation," he told Reuters in a telephone interview.
Bannon, who maintains ties to the White House, said Trump's
recent moves to impose tariffs are a signal to the Chinese that
"the game of continual delay is over" and that they will have to
address the central issue of forced technology transfers."
"It’s full throwdown. Trump has planned this out for a long
time. He led with the smart things, forced technology transfers.
It’s obvious the Chinese have no real response to this. I think
they played completely into his hands. By putting tariffs on
agricultural products and avoiding addressing the technology
questions they’ve shown once again they consider us nothing more
than a tributary state.”
“This is the beating heart of American capitalism: Technology
innovation that the Chinese have either stolen or forced
American companies to turn over. Trump has signaled that those
days are over," he said.
Just 11 hours after the Trump administration proposed 25 percent
tariffs on some 1,300 Chinese industrial technology, transport
and medical products, China responded with a list of similar
duties on key American imports including soybeans, planes, cars,
beef and chemicals.
(Reporting by Steve Holland; Editing by James Dalgleish)
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