JAKARTA (TheInsiderStories) – President Donald Trump said the United States (US) – China trade deal remains in place shortly after a senior said on national television that the agreement was over. Earlier, White House trade adviser, Peter Navarro told Fox News, that the trade deal between two major economy is “over”.
“The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” he wrote on his twitter account on Monday (06/22).
Navarro linked the breakdown in part to Washington’ anger over Beijing’ not sounding the alarm earlier about the COVID-19 outbreak. He said the “turning point” came when his country learned about the spreading of the virus after a Chinese delegation had left Washington following the signing of the Phase 1 deal on Jan. 15.
The relations have reached their lowest point in years since the pandemic hit the US hard. On Thursday, Trump 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 US and Chinese economies a viable option.
On Jan. 15, Trump had signed the landmark of phase one trade deal with Chinese vice premier Liu He. The Phase One deal is expected to reduce tariffs and boost Chinese purchases of American farm, energy and manufactured goods while addressing some disputes over intellectual property.
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