Don’t miss the latest developments in business and finance.

US-China trade deal fully intact, will continue to live up to terms: Trump

The statement comes a day after White House trade adviser Peter Navarro said that the trade deal with China is "over"

Donald Trump, xi jinping, trump jinping
US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan. Photo: Reuters
BS Web TeamAgencies New Delhi
2 min read Last Updated : Jun 23 2020 | 10:50 AM IST
President Donald Trump said late on Monday that U.S.-China trade deal is fully intact.

The statement comes a day after White House trade adviser Peter Navarro said that the trade deal with China is "over," and he linked the breakdown in part to Washington's anger over Beijing's not sounding the alarm earlier about the coronavirus outbreak.

Counter  that statement, Trump said on Twitter: "The China Trade Deal is fully intact. Hopefully they (China) will continue to live up to the terms of the Agreement." 
 
"It's over," Navarro told Fox News 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.
"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.

U.S.-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard. President Donald Trump and his administration repeatedly have accused Beijing of not being transparent about the outbreak.

Trump on Thursday renewed his threat to cut ties with China, a day after his top diplomats held talks with Beijing and his trade representative said he did not consider decoupling the U.S. and Chinese economies a viable option.

Navarro has been one of the most outspoken critics of China among Trump's senior advisers.


Topics :CoronavirusDonald TrumpUS China trade talksXi Jinping