Via Economic Policy Journal

Sheldon Adelson

Well, the billionaire casino magnate Sheldon Adelson has actually done something valuable, for a change, with his strong influence over President Trump.

Trump’s sudden escalation of the trade war with China last month triggered a telephone call from Adelson, who warned the president about the conflict’s impact on the U.S. economy and Trump’s re-election prospects, according to people familiar with the call, reports The Wall Street Journal.

“Sheldon Adelson and President Trump have met and spoken about the broad concerns the business community has with the escalation of trade tensions between the two nations,” said Myron Brilliant, head of international affairs at the Chamber of Commerce, who has known Adelson for years.

Notes WSJ, it couldn’t be determined whether Adelson’s call had any influence on Trump’s decision to postpone an October 1 tariff increase.


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