During an interview with Fox Business Network on Tuesday, White House trade adviser Navarro said that President Trump wants to make a “big deal” with China.
Commenting on the blacklisting of Chinese companies, Navarro said that this action was not related to trade negotiations.
The 10-year United States Treasury bond yield recovered modestly on these remarks and was last down 1.% on the day at 1.547%. However, Wall Street’s three main indexes stay in the negative territory with the S&P 500 and the Nasdaq Composite erasing 1% and 0.7%, respectively.
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