Trump, Bannon, Mnuchin and China in the mix

No one is happy about China, except markets.

Bloomberg has a good rundown of who is upset about Mnuchin putting the trade war with China 'on hold' after China said it would import more agriculture and energy.

Bannon was doing the rounds on the weekend and calling it a betrayal because it didn't deal with intellectual property and technology subsidies. Trump also backed down on ZTE and may relent on steel/aluminum tariffs.

One line of thinking is that Trump is easing up on China because he wants help dealing with North Korea.

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