'Corporate America today is the lobbying arm of the Chinese Communist Party and Wall Street is the investor relations department,' said Steve Bannon, former White House chief strategist.
Former White House chief strategist Steve Bannon and hedge fund manager Kyle Bass have accused Wall Street and corporate America of"funding" China's fight with the U.S.
"Corporate America today is the lobbying arm of the Chinese Communist Party and Wall Street is the investor relations department," he said, calling China"the most significant existential threat that we have ever faced." "If you look behind the scenes, it is corporate America pushing Trump to do a deal. And it is the corporate American chieftains that have their biggest businesses, let's say most growth, coming out of China. And China plays that card. They play it better than anybody else," Bass told CNBC's Sullivan.
In addition to Bannon and Bass, other members of the group include fervent supporters of Trump, fellows from conservative think tanks, and former defense and intelligence officials.
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