Trump Confirms China Trade Deal Is ‘Fully Intact,’ After Navarro Rolls Back Earlier Remarks Indicating Pact Is ‘Over’

The U.S. President Donald Trump confirmed late Monday night that the trade deal with China is fully intact.

Previously, the White House trade adviser Peter Navarro had said over the weekend that the pact is “over.” However, he rolled back his comment on Monday, June 22, that the trade deal with China “continues in place.”

Navarro’s remarks quickly gained traction and stoked volatility in markets that are already affected by the coronavirus pandemic. Later on Monday, Navarro said that his comments on the U.S. and China trade deal has been taken “wildly out of context.”

Trump took to Twitter to announce that the deal with China is “fully intact,” after several speculations started to surface online following Navarro’s comments.

Navarro told a media company during an interview that its “over,” when he was asked to comment on China’s trade deal with the U.S.

As per Navarro, the “turning point” was when the U.S. got to know about the coronavirus spreading to different parts of the world only after a Chinese delegate had left Washington after the signing of the Phase I deal on Jan. 15, 2020.

“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.

Navarro has been one of the strongest critics of China in the Trump Administration.

After his comments were “taken out of context” Navarro explained that his comments did not mean that the Phase I deal is over but it indicates the lack of trust that the U.S. has on the Chinese Communist Party (CCP) now after how coronavirus was unleashed to the world.

I was simply speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world,” Navarro said on Monday.

Since the coronavirus pandemic emerged from Wuhan, China and spread to the rest of the world, the relationship between the U.S. and China has hit a new low. With the U.S. continuing to remain the hardest-hit nation, the Trump administration has long accused Beijing of hiding crucial facts about the coronavirus pandemic, which compromised the global effort in controlling the disease.