White House trade adviser Peter Navarro told “The Story” Monday that President Trump has decided to terminate the China trade deal.
“It’s over,” Navarro told host Martha MacCallum.
Navarro points to the growing idea within the intelligence community that the coronavirus pandemic was a man-made creation in a Chinese laboratory and was intentionally delivered to the US.
“Here’s the turning point. They came here on January 15th to sign the trade deal, and that was a full two months after they knew the virus was out and about.”
Navarro continued in the interview drawing comparisons of China’s actions to the Japanese government holding peace talks with the US weeks before attacking Pearl Harbor.
It seems that as the virus progressed throughout the country, President Trump grew more and more pessimistic towards the deal. Last month, the President said he felt “very differently” about it since the onset of the outbreak. Although the Administration has never outright said they would seek specific punishments or financial compensation against the Chinese government for withholding information about the virus, it could be assumed this is now their intention.
The stock market is already reacting negatively to news of the failed trade deal with the DOW futures dropping almost 400 points.