White House trade advisor Peter Navarro denies saying that China trade deal is ‘over’
White House Trade and Manufacturing Policy Director Peter Navarro speaks during a briefing on the coronavirus pandemic in the press briefing room of the White House on March 27, 2020 in Washington, DC.
Drew Angerer | Getty Images
White House trade advisor Peter Navarro has clarified that the U.S.-China phase one trade deal is not over, saying Fox News had taken his comments “wildly out of context.” President Donald Trump swiftly confirmed on Twitter that the deal was “fully intact.”
Fox News reported that Navarro had said Monday that Trump had decided to terminate the trade agreement.
U.S. futures fell after the Fox News report, but recovered after Navarro’s clarification.
“My comments have been taken wildly out of context,” Navarro said in a statement from the White House. “They had nothing at all to do with the Phase I trade deal, which continues in place. I …continued .
[Source: CNBC News]