“It was at a time where they had already sent hundreds of thousands of people in this country for the dissemination of this virus, and it was only a few minutes after that the wheels when the plane took off we started to hear about this pandemic,” said Navarro, one of the most vocal critics of China among primary Asset advisors.
“It is finished”, he said.
But shortly after, the president of the united states tweeted: “The China on the trade is fully intact. I hope that they continue to live under the conditions of the agreement!”
Navarro then stated that his remarks had been taken out of context. “They had nothing to do with the first phase of the trade agreement, which continues in place,” he said, and instead referred to the “the lack of confidence we now have in the Chinese Communist party”.
Navarro’s initial comments caused a momentary panic on the markets, with futures on the S&P 500 index falling as much as 1.6%, according to Bloomberg, and the offshore yuan’s weakening.
Trump has recently placed a great importance to China, the trade negotiations, saying in an interview published on Sunday that he out to impose tougher sanctions on China’s treatment of its minority Muslim Uighur, because such measures have interfered with the trade negotiations.
“Well, we were in the middle of an important trade agreement. And I made a super deal, $250bn potential value of the purchases,” Trump said to Axios when asked why he had not adopted a Treasury of sanctions against communist party officials linked to repression in the Xinjiang region.
Navarro’s comments came on the same day, WE tightened the rules on four more of the Chinese state, media organisations, denounce them as propaganda outlets.
The State Department has said that it was the reclassification of the chinese Television, the China News Service, People’s Daily and the Global Times that the foreign missions rather than the media in the united states, adding to five others appointed in February.
All the nine points “are actually controlled by the government of the people’s Republic of China,” State Department spokeswoman Morgan Ortagus says.
“These four entities are not the media; they are propaganda outlets,” David Stillwell, the senior US diplomat for East Asia, told reporters.
US-China relations have reached their lowest point in years after the sars coronavirus pandemic, which spread from China to hit the us hard. President Donald Trump and his administration have repeatedly accused Beijing of not being transparent about the outbreak.
On the Thursday of the last week, Trump has renewed his threat to cut ties with China, a day after his top diplomats held talks with Beijing and its trade representative said that he did not see the decoupling of the us and Chinese economies a viable option.