Home / World / Peter Navarro calls the Wall Street Journal "garbage", do not believe China or the US press

Peter Navarro calls the Wall Street Journal "garbage", do not believe China or the US press



White House Trade Advisor Peter Navarro said that media reports on trade negotiations between the United States and China are not reliable, also called stories in the Wall Street Journal "garbage."

"My advice to investors is to be patient with the process and do not think anything you read in either the Chinese or American press about these negotiations unless it comes from the mouth of either the President or the Lighthizer Advisor," Navarro told CNBC's Squawk Box "on Friday.

"There will only be a lot of junk coming out of the Wall Street Journal and People's Daily and everything in between," Navarro said. "I've seen this movie before … There were all kinds of stories written and they were designed to shape the negotiations and they had no insight into them," Navarro said.

Navarro did not discuss any specific stories or present any evidence to back up his points. The Wall Street Journal reported on Monday that some issues are weighing on new trade negotiations, including China did not increase purchases of US agricultural products. Trump himself later confirmed that the lack of purchases was a suspension.

The People's Daily is the official party of the Communist Party in China.

In the field of trading documents, Navarro said that the commercial struggle was "in a silent period", adding that US trade representative Robert Lighthizer will travel to Beijing with Finance Minister Steven Mnuchin in the near future.

President Donald Trump and Chinese leader Xi Jinping agreed a guardian at the G20 meeting last month in Japan after both countries hit billions of billions of dollars of each other's goods. China said last week that the US must lift all existing customs duties on Chinese goods if there is a trade agreement, while Trump said these tariffs will not be lowered.

A spokesman at Dow Jones did not immediately respond to CNBC's request for comment.


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