Steve Bannon tells CNBC there's 'no chance' Trump will back down in China trade war

12:50 PM ET Wed, 15 May 2019

There is "no chance" President Donald Trump will back down in the U.S. trade war with China, former Trump advisor Steve Bannon told CNBC on Wednesday. "China has been running an economic war against the industrial democracies for now 20 years," said the hardline ex-White House chief strategist, who helped craft Trump's nationalist message.