WASHINGTON (Reuters) – US President Donald Trump announced that a trade agreement with China was “still in place”, contradicting earlier statements by his trade adviser Peter Navarro saying that the agreement was “finished” before he later retracted it.
“We hope China will continue to adhere to the terms of the agreement,” Trump said on Twitter”.
Navarro, after Trump’s tweet, only retracted his statement saying that he had been taken out of context, adding that the agreement was still in effect..
Navarro had told Fox News earlier when I asked him about the deal that it was “finished.” He said the “turning point” came when the United States was not aware of the spread of the Corona virus until after a Chinese delegation left Washington after signing the first phase of the agreement on January 15..
“It happened (signing the agreement) at a time when they had sent hundreds of thousands of people to this country to spread that virus, and we did not know about this pandemic only minutes after the plane took off (which was carrying the Chinese delegation),” Navarro added.”.
The financial markets retreated after his statements to return to recovery after he issued a statement saying that he “has been largely carved out of context.””.
“It has nothing to do with the first stage of the trade agreement, which remains in effect. I was only talking about our current lack of confidence in the CPC after lying about the origin of the Chinese virus and the world plagued the pandemic,” he said.”.
Sino-US relations have fallen to their lowest levels in years since the Corona pandemic, which started in China, hit the United States hard to become the world’s highest rate of injuries and deaths..