In an interview with CNBC, Navarro revealed that Wright Heze and Mnuchin will travel to Beijing, China as soon as possible to launch a new round of trade negotiations. At the same time, they criticized the media for reporting on trade negotiations in the past, showing a very distrustful attitude.
The US Consumer News and Business Channel (CNBC) reported on July 12 that White House officials called the resumption of China-US trade negotiations, and US stakeholders will visit China as soon as possible.
White Navy’s trade adviser Peter Navarro said in an interview with CNBC on July 12 that US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin will travel to Beijing, China as soon as possible. To engage in a constructive dialogue to address this important structural issue.
Since the bilateral meeting between the heads of state of China and the United States during the G20 summit in Osaka, China and the United States have been fighting for another year of trade disputes. However, after the truce, the two sides once again fell into a deadlock in negotiations on issues such as China’s purchase of US agricultural products and the lifting of sanctions against Huawei, the Chinese telecommunications equipment manufacturer. Even the date of the meeting between the two sides has not been determined, let alone the date of the bilateral trade agreement.
Navarro did not answer when asked about the question of when China and the United States would reach an agreement and sign the agreement. But Navarro said that any news about China-US trade negotiations will be announced by Wright Heather or US President Donald Trump.
Navarro said, “In my opinion, we are now in a quiet period of negotiation.” “My advice to investors is to wait patiently for this process.” At the same time, Navarro stressed, “If it is not from the mouth of President Trump or Wright Heze, don’t believe that the US and Chinese media report on trade negotiations.”
It can be seen that Navarro has expressed strong distrust of the media reports on China-US trade negotiations, and even denounced the content reported by the media in the two countries as “junk.”
Navarro said, “All reports from the Wall Street Journal and the Chinese media are rubbish.” In addition, Navarro repeatedly stressed that these media have no insight into trade negotiations.
The Yonhap News Agency reported on July 13 that Navarro’s stated position was related to the recent specific reports on trade negotiations between the two countries. Earlier, the Wall Street Journal reported on July 8 that China did not expand its procurement of US agricultural products, and some specific issues put pressure on the current negotiations to restart.
The Wall Street Journal subsequently responded by saying, “We support our report.”