Trump Said That The Trade Deal Between The US And China Is Not Terminated
Donald Trump on Monday denied reports of the end of the trade deal between the United States and China.
"The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!" the head of state wrote on Twitter.
Earlier on Monday, the head of the National Trade Council at the White House, Peter Navarro, told Fox News Channel that Trump intends to terminate the agreement with China amid growing intelligence confidence in the origin of a new coronavirus that allegedly escaped from the walls of a laboratory in the city of Wuhan.
Later, Bloomberg released a statement from Navarro that his remarks were taken out of context. "My statements were taken out of context. They did not concern the first phase of the trade deal, which is being preserved," the head of the White House Council explained.
The signing ceremony for the first phase of the trade deal between the two countries took place on January 15 in Washington. The document was signed by Trump and Vice Premier of the State Council of China Liu He. China, in particular, agreed to increase purchases of American products by $76.7 billion during the first year and $123.3 billion during the second year of the agreement. We are talking not only about agricultural products but also about other goods. According to Trump, the deal will reduce the trade deficit.