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Doubt it. He'll see the losses in the midterms as a necessary step--means to an ends, as it were. He won't be deterred by the Democrat losses, even if both the House and Senate flip back to the GOP (unlikely at best).
And when that happens...he'll just take out his pen and sign executive orders to get what he wants and can no longer get Constitutionally.
I've got to give 0 and the dimcratics credit. I paid less taxes this year than last. They did it, however, by creating an environment in which my actual income is a fraction of what it was in previous years.