Watch CNBC's full interview with Steve Bannon on the US China trade war

The gap between white house and President Trump lighthiser is the guy that does The X

Execution date contract

What people actually end up seeing it

I think we'll see how far true it is

How well-crafted it is had actually works for the Chinese

It takes care of a lot of their corruption issues this about transparency

It's about accountability it's about real-time monitoring

And it's about enforcement but lighthiser did with Lee Hood and Lee Hooker

People should understand

Is also one of the greatest men in the world I think he's a reformer in China he understands what has to happen to their system

These two have worked together for nine months

It was the Hawks

It was after

The Belt Road initiative Forum in

China when the Hawks like wine, Sean and Sean and others got around she and said hey

Why do we need the America

We got a tough of this is nothing more than a port treaty from the 19th century this was this is what started

The two hundred years of humiliation

We have to shut this down now

So that red line they sent around with basic say we're not going to take anything satellite highs and Lee Hooker

Have negotiated for 9 months the basic architecture of the deal

That's why this is a funny moment in every present beforehand Clinton bush

Nobama

Have all blank

Trump

Didn't blank

He could cut a deal that make him look like a hero he said we're not doing this

We're not going to be traded

This is what I need the White House you told me

You're going to get this or let's let those power through this

I want to talk about lancing a boil

I understand a long-term that the goal of this I actually agree with the goal of that myself as well but

Overlay Politics on this Lansing boil causes

I need to know

Downturn of lancing a boil causes a decline in the stock market

More than 10% and it's around election time

What happens to the result

First off I don't think that's going to happen but I think you realize with Joe Biden luncheon in Pennsylvania

This is going to be the debate

The American worker

The met the men and women who saw those factories leave the American farmers

Understand these are Patriot

They put the national interest of the country before their own personal interest

They seen the elites

Totally do this for themselves they understand they finally

They have a voice in the room that's looking out for them and look after their children and grandchildren

This is

China's business model is an existential threat

To the industrial democracy

The United States