Fox Business presenter Maria Bartiromo told “America’s Newsroom” on Tuesday that she believes phase one of the US-China trade deal “is over.”
“I think we are in an economic war, a Cold War with China. I don’t think there is any doubt about it and, frankly, if you ask me, I think it’s over, ”said Bartiromo.
Bartiromo made the comments after President Trump declared on Twitter that the trade deal is “completely intact” after White House aide Peter Navarro appeared on Fox News the night before declaring it “ended.” Navarro’s statement shook stock futures.
Navarro, who is the Director of Trade and Manufacturing Policy for the Trump administration, told Martha MacCallum in “The Story” that relations between the United States and China have deteriorated sharply since the two countries signed Phase 1 of a trade agreement on January 15.
“It’s over. Here’s the turning point. They came here on January 15 to sign that trade agreement, and that was two full months after they learned that the virus had disappeared,” he said. “It was a time when they had already sent hundreds of thousands of people to this country to spread that virus, and it was only a few minutes after the wheels started when the plane took off that we started hearing about this pandemic.”
Navarro clarified after the Fox News interview that he was saying that “trust” between the two nations has “ended”, not the trade agreement.
WHY CHINA “PHASE ONE” TRADE AGREEMENT DOES NOT NEED CONGRESS APPROVAL, Unlike USMCA
“My comments have been taken out of context. They had nothing to do with the Phase I trade agreement, which is still in force, “said Navarro.” He was simply talking about the lack of confidence that we now have in the Chinese Communist Party after they lied about the origins of China. virus and imposed a pandemic on the world.
“We continue to see setbacks until the Chinese Communist government begins to deliver on its promises and I just don’t see that happening,” Bartiromo said Tuesday. “So what he said to Martha last night, maybe it was a slip of the tongue, but there was some truth to it. Come on.”
Bartiromo noted that “we have not yet seen the Chinese Communist Party fulfill its agreement that they are going to buy 250 billion products, etc.”
Speaking during the opening bell, he also noted that the US equity markets. USA They opened higher Tuesday “due to the rollback of that statement and the president’s tweet that the phase one agreement is very much in effect.”
“But we are waiting for the Chinese Communist Party to deliver on its promises,” he continued. “I don’t have much hope in that, so I would really take my neck out and say, ‘yes, it’s over.'”
Bartiromo noted that what she said were several broken promises from China.
“They are already overreaching and breaking promises in Hong Kong, going back from the autonomous conclusion to now saying, ‘Well, we want to exceed ourselves in Hong Kong,'” he said. “They have militarized the South China Sea, another broken promise, and of course they invaded India.”
“So I think they are using this COVID-19 pandemic to gain territory,” added Bartiromo.
The Trump administration accused China of not only delaying information to the world about the severity of the coronavirus, but also of pointing out the Communist regime’s crackdown on whistleblowers who tried to alert the world to the potential danger.
On January 15, Chinese Vice Premier Liu He and President Donald Trump signed the first phase of the US-China trade agreement in Washington, DC. According to Navarro, no warning was given about the severity of the coronavirus.
It was not until five days after the ink on that trade deal ran out that Chinese President Xi Jinping finally issued a statement on the coronavirus, saying on January 20 that his regime “would resolutely halt the spread of the epidemic.” .
CLICK HERE TO GET THE FOX NEWS APP
There are now more than nine million confirmed coronavirus cases worldwide and 472,856 confirmed deaths, according to Johns Hopkins University of Medicine.
Paul Best of Fox Business contributed to this report.
