Trump Defends China Trade Deal After Adviser Says It’s ‘Over’
Peter Navarro, the White House trade adviser, quickly walked back his remarks, which caused markets to dive.
WASHINGTON — The White House trade adviser, Peter Navarro, said on Monday night that the trade deal between the United States and China was “over,” briefly causing stock markets to dive before he and President Trump quickly walked back the remarks.
“The China Trade Deal is fully intact,”
Mr. Trump wrote on Twitterafter Mr. Navarro, a noted China critic, had appeared on Fox News. “Hopefully they will continue to live up to the terms of the Agreement!”
The events underscored the sensitivity of the “Phase 1” trade deal that the United States and China
signed in January, which buoyed stock markets and brought to a close a prolonged and bruising trade war. But tensions have been rising sharply between the two countries over
the origins of the coronavirus pandemic and China’s
assertion of power over Hong Kong, pu