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Home / World / Peter Navarro calls the Wall Street Journal "garbage" and says, believe neither China nor the US press

Peter Navarro calls the Wall Street Journal "garbage" and says, believe neither China nor the US press



The White House Trade Adviser, Peter Navarro, said media reports of US-China trade talks are unreliable, even if they are referred to as "garbage" in the Wall Street Journal.

"My advice to investors is to be patient with the process and believe nothing you have read in the Chinese or American press about these negotiations, unless it comes from the mouth of the President or the adviser Lighthizer "said Navarro on Friday in the" Squawk Box "by CNBC.

"It's just going to be a lot of garbage coming from the Wall Street Journal and the People's Daily and everything in between," Navarro said. "I've seen this movie before … It all sorts of stories were written to shape the negotiations, and they had no insight into them, "said Navarro. [Navarro discussed no specific stories or evidence to support his point of view.] The Wall Street Journal reported on Monday that certain topics weighed on new trade talks, including China, which did not boost purchases of American agricultural products, and Trump himself later confirmed that the lack of purchases was an on-set.

"We stand by our coverage," said Colleen Schwartz, a spokeswoman The Wall Street Journal, told CNBC in response to Navarro's comment.

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

Referring to these trade talks, Navarro said the trade was "in a quiet time" and added that US Representative Robert Lighthizer would travel to Beijing with Minister of Finance Steven Mnuchin in the near future.

President Donald Trump and Chinese leader Xi Jinping agreed to a ceasefire at the G-20 meeting in Japan last month, after both countries had imposed tariffs on billions of dollars of each other's goods. China said last week that the US would have to lift all existing tariffs on Chinese goods when it comes to a trade agreement, while Trump said these tariffs would not be lowered.


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