From Bloomberg:

“The president’s in a bind between two warring camps,” said Clark Packard, trade-policy counsel at the R Street Institute, a Washington research group. “If the market takes a dive, he’s going to face pressure from your more market-oriented folks, like Mnuchin. On the other hand, you have the hawks like Lighthizer and Navarro, telling him not to compromise.”

“Ultimately, the president has to make 2020 about the economy, and one of the ways you can make the economy not so good is getting in a protracted, bloody battle with China,” said Packard, who is a former aide to Trump’s first UN ambassador, Nikki Haley.