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June 23, 2020 The US-China trade agreement is still "completely intact" and it is hoped that "they will continue to maintain the terms of the agreement". This was stated by US President Donald Trump in a tweet after the statements by Peter Navarro, the White House trade adviser.

Navarro had spoken to Fox about the terms of the agreements reached so far with Beijing on trade as "finished", but then backed off from his previous statements. "My words have been largely taken out of context. They had nothing to do with the Phase 1 trade agreement, which continues to remain valid," he said in a statement after being interviewed by Fox news, he said that " the agreement is over ". "I was simply talking about the low confidence we now have in the Chinese Communist Party after they lied about the origin of the virus and spread the pandemic around the world," he added.

Asian stocks rise
And in the wake of the statements by the American president. Donald Trump and Navarro rise Asia and Pacific stock markets Tokyo marks a 0.50% rise. HongKong (+ 0.65%) and Seoul (+ 0.57%) also have a plus sign. Shanghai (-0.07%), Shenzhen (+ 0.19%) and Sydney (+ 0.17%), however, were little moves. The futures on Wall Street in sharp decline after Navarro's claims show recovery although still negative. Positive view instead of Europe.