As President Trump considers his 2020 re-election strategy, the “America First” agenda championed by former White House chief strategist Steve Bannon is in conflict with the “Economy First” agenda supported by most of Trump’s current White House advisers on trade policy and the importance (or lack thereof) of the promised border wall, Mike Allen reports in Axios.

From Axios:

In conversations at Mar-a-Lago and back in Washington, friends and advisers have begun giving President Trump advice about how to win reelection in 2020.

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Why it matters: Trump is getting conflicting advice. The Bannon purists want America First, and most of his friends want Economy First. So far, he’s governed like a fairly conventional Republican, so the Economy First camp is winning. The next month — with pending decisions on immigration and trade wars — will show whether he reverts to his campaign norm in action, not just words.

What to watch: The Bannon-Breitbart-Stephen Miller wing believes Trump has to deliver on building a wall, curtailing immigration and cracking down on China. Moderating forces like Gary Cohn, Steven Mnuchin, James Mattis and Rex Tillerson are counseling against moves that could alienate allies and roil global markets. Watch for a hot war this next month in conservative media on this front.