IF THEY DON"T COME OUT WITH A DIFFERENT STORY FAST THIS WILL CAUSE A PROBLEM FOR THE MARKET. IT COULD TURN OUT TO BE THE FINAL STRAW THAT BREAKS THE MARKETS BACK
White House adviser Navarro says China trade deal is 'over'
White House trade adviser Peter Navarro said on Monday 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.
"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.