White House trade adviser Peter Navarro retracted his comment that the U.S.-China trade deal is ‘over,’ which sent financial markets into a frenzy
WASHINGTON - White House trade adviser Peter Navarro on Monday walked back on his earlier remarks that the U.S.-China trade pact was “over”, stoking volatility in markets already frazzled by the coronavirus pandemic.
“It was at a time when they had already sent hundreds of thousands of people to this country to spread that virus, and it was just minutes after wheels up when that plane took off that we began to hear about this pandemic,” Navarro said.“He consistently lies and has no honesty and trustworthiness,” foreign ministry spokesman Zhao Lijian told reporters at a regular press briefing.
They have since recovered much of the lost ground after Navarro, one of the most outspoken critics of China among Trump’s senior advisers, issued a statement saying his comments “have been taken wildly out of context”. U.S.-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard. Trump and his administration have repeatedly accused Beijing of not being transparent about the outbreak.
FILE PHOTO: White House trade adviser Peter Navarro gives a television interview on the driveway leading to the West Wing of the White House in Washington, U.S. December 10, 2018. REUTERS/Jonathan Ernst
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