• Trump says China deal ‘fully intact’ after Navarro roils markets

Market news

23 June 2020

Trump says China deal ‘fully intact’ after Navarro roils markets

Bloomberg reports that U.S. President Donald Trump said the phase one trade deal with China is “fully intact,” after his adviser Peter Navarro sowed confusion and spurred a temporary stock slump with comments interpreted as a decision to end the agreement.

“The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” Trump said in a Twitter post late Monday.

White House trade advisor Peter Navarro had responded to a long question by Fox News interviewer Martha MacCallum asking whether aspects of the deal were “over” by saying: “It’s over. Yes.”

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