Financial and commodity markets swooned Monday evening after reports of White House trade adviser Peter Navarro saying the phase-one agreement with China was “over.”
Navarro made the comments in a Fox News interview that focused heavily on the coming book by John Bolton, with the interviewer throwing a “last question” at Navarro asking him if the deal was over. He responded that “it is,” adding he thought a turning point on the matter came after the COVID-19 news came out almost immediately after the phase-one agreement was signed.
As financial and commodity markets reacted, Navarro sought to pull his remarks back.
And, President Donald Trump tweeted, “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!”
From China, Foreign Ministry spokesman Zhao Lijian said of Navarro, "He consistently lies and has no honesty and trustworthiness.” As for the phase one agreement, Zhao told reporters at a briefing, "China's stance on the issue has been consistent and clear."
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