Trump Confirms China Trade Deal is ‘Intact’ After Advisor’s Comment Causes Markets to Dive

[libertybele]

Trump Confirms China Trade Deal is ‘Intact’ After Advisor’s Comment Causes Markets to Dive

President Trump on Monday night stressed that the “phase one” trade deal with China remains in place, hours after a comment by White House trade advisor Peter Navarro to the effect that it was “over” sparked a drop in U.S. stock futures.

“The China Trade Deal is fully intact,” the president tweeted. “Hopefully they will continue to live up to the terms of the Agreement!”

Navarro also walked back his earlier comments, saying they had been “taken wildly out of context.”

“They had nothing at all to do with the Phase I trade deal, which continues in place,” he said in a brief statement. “I was simply speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world.”

U.S. Dow futures, which according to CNBC had dropped some 400 points after Navarro’s earlier remarks made headlines, recovered after his statement.

In a Fox News interview, Navarro named some of the administration’s biggest concerns about the CCP’s behavior, listing the mass incarceration of Muslim Uighurs, suppression of democracy in Hong Kong, belligerence in the South China Sea and Taiwan Strait, and election meddling.

He and host Martha MacCallum discussed some of the claims in former National Security Advisor John Bolton’s book regarding the president’s dealings with China, as well as Trump’s acknowledgment, in an interview with Axios, that he had held off imposing sanctions against CCP officials implicated in Uighur atrocities, because it could have jeopardized the trade deal negotiations........

https://www.cnsnews.com/article/international/patrick-goodenough/trump-confirms-china-trade-deal-intact-after-advisors