Donald Trump Clarifies Trade Deal is Still Intact in Wake of Advisor’s Confusing Remarks

On Monday, White House trade adviser Peter Navarro stated that the Phase 1 trade deal between China and the US was over. As a result, stock markets briefly took a dive before Navarro and President Trump clarified the comments.

Speaking on Fox News, Navarro was asked about the current state of the trade deal, and whether or not it is still valid, to which he responded “It’s over.” However, he soon clarified that he was referring to the lack of trust the US government has of the Chinese Communist Party with regards to the origins of the coronavirus pandemic.

In the meantime, Donald Trump took to Twitter to reinstate Navarro’s clarification, stating that the Phase 1 trade deal is still valid, despite the growing tension between the two countries.

According to Navarro, the US was only made aware of the coronavirus outbreak after the trade deal was finalized back on January 15, causing the Trump Administration to accuse the Chinese government of lying about the origins of the virus. As a result, tensions have been mounting, with the threat of a second Cold War becoming more eminent. Nonetheless, the Phase 1 trade deal has been Trump’s pride and joy, and some of his advisors believe he has nothing to gain by scrapping it.

Information for this briefing was found via CNBC and The New York Times. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Trump Bans China from Owning US Farmland

The Trump administration announced Tuesday it will ban Chinese entities from purchasing US farmland and...

Friday, July 11, 2025, 02:05:00 PM

Biden to Escalate Tariffs on Chinese Goods, EVs Up To 102.5%

US President Joe Biden is set to announce a substantial increase in tariffs on select...

Monday, May 13, 2024, 10:51:00 AM

Donald Trump Orders Federal Employee Retirement Fund to Cease Investing in Chinese Equities

Tensions between China and the US were already at an all-time high much before the...

Wednesday, May 13, 2020, 09:26:38 AM

China Lifts Rare Earth Curbs on US Firms After Tariff Breakthrough

China’s surprise decision to suspend rare earth export curbs on 28 US entities underscores a...

Saturday, May 17, 2025, 09:26:00 AM

Beijing Gears Up for Trade War as Trump’s Hardline Team Takes Shape

As U.S. President-elect Donald Trump assembles a cabinet filled with staunch critics of Beijing, his...

Monday, November 18, 2024, 02:56:00 PM