Thread by @onlyyoontv

😐White House adviser Navarro says #China trade deal is “over”. Says the "turning point" came when the US the learned about the spreading coronavirus only after a Chinese delegation had left Washington following the signing of the Phase 1 deal on Jan. 15. mobile.reuters.com/article/amp/id…

Navarro walks back his remarks that #trade deal is “over”, saying he was talking more broadly about “trust”. Meantime, White House econ advisor Kudlow disputes Navarro. All this after @USTradeRep Lighthizer said last week the deal was on track. 😬axios.com/kudlow-dispute…

After Navarro’s comment the #trade deal is “over”, hitting US futures, and Kudlow disputed the remark.

#China dismisses White House advisor Navarro’s remark on #trade deal being “over”, saying Navarro “has a habit of talking through his hat.” Adds “there is no credibility” to the White House advisor’s comment and that Beijing’s position on Phase 1 deal is “clear and consistent.”