Trump might've given him a scolding for running his mouth on TV.
IS NAVARRO indisposable ,TRUMP sure has a habit of selecting questionable/ dubious person.Occam's Razor says that Navarro was probably just trying to hype his COVID 19 biological warfare nonsense.
I think the deal is dead in all but name. China would have full justification to suspend all farm purchases from the US pending full resolution of the recent Beijing outbreak being linked to American food imports.
One of the few areas where China was making purchases was in agricultural products. Now that’s pretty much indefinitely suspended. Hence Navarro saying the deal is dead.
But Trump cannot have that, so it looks like we are in the amusing situation of China making zero purchases while America is lying to pretend the deal is still operating as normal. So basically Trump is winning so hard at the trade war that getting China to not officially announce the trade deal is dead is the only thing China needs to do to keep America tied in to its part of the commitments to the trade deal.
I am sure the irony isn’t being lost in Beijing that Trumps trade war, which was supposed to get China to make all sorts of concessions for America pretty much doing nothing is now completely flipped; China able to just do nothing and keep the trade deal in place while America gets nothing but is unable to do anything about it without giving away the game that the trade deal is dead.
I think imports of grains will continue, because they aren't chilled or frozen, and take 2weeks to cross the Pacific by ship.
2weeks at 20C should be more than sufficient for virus inactivation.
On the other hand, that doesn't apply to chilled/frozen goods like meat, seafood, fruits and vegetables.
Question for the experts:
what are the ways China is implementing to reform the structural problems within the economy. I.e huge local govt debt, housing bubble, demographic changes , etc...
What is China doing to achieve the goal of transition from a middle income to a high income economy. Is China at least moving in the right direction?
Having a self sufficient state of the art jet engine and semiconductor supply chain will increase China's GDP significantly. Also, people need more economic freedom.
After that, the only thing dragging down China GDP per capita is the older generation (Such as those who didn't get to go to college due to Cultural Revolution).