WASHINGTON (Reuters) – 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.
Navarro said his comments were taken “wildly out of context”, while U.S. President Donald Trump confirmed in a tweet the deal with China was “fully intact”.
“Hopefully they will continue to live up to the terms of the agreement,” Trump said on Twitter.
Earlier, Navarro told Fox News “it’s over” in an interview when asked about the trade agreement.
He said the “turning point” came when the United States learned about the spreading coronavirus only after a Chinese delegation had left Washington following the signing of the Phase 1 deal on Jan. 15.
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