Wednesday, 24 Jun 2020 06:52 AM MYT
Navarro quickly backtracked on Monday night, saying he was referring to a lack of trust between the United States and China over the coronavirus outbreak. President Donald Trump also quickly tweeted that the deal was intact. But part of that message — that the United States is able and willing to walk away from its largest supplier — is challenged by on-the-ground realities.
US officials, including Lighthizer and Secretary of State Mike Pompeo and Treasury Steven Mnuchin, have recently affirmed China's commitment to meet terms of the Phase 1 trade deal, which calls for China to boost purchases of U.S. farm and manufactured goods, energy and services by US$200 billion over two years.
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US stocks gain as Trump confirms China deal on track | Malay MailNEW YORK, June 23 — Wall Street stocks rose early today after US President Donald Trump confirmed that a trade agreement with China remains on track, overruling an aide who said the deal was derailed. About 25 minutes into trading, the Dow Jones Industrial Average was at 26,216.39, up 0.7 per...
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Asian stocks climb after volatile trade on US-China trade confusion | Malay MailSYDNEY, June 23 — Asian equity markets bounced on Tuesday after US President Donald Trump said the US-China trade pact was “fully intact”, clarifying earlier confusing statements from the White House over the fate of the deal. MSCI’s broadest index of Asia Pacific shares outside of Japan...
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