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Futures pare losses after Navarro, Trump clarify China trade deal remains in place
Stock futures pared steep declines and turned positive after White House trade adviser Peter Navarro said during a Fox News interview that any trade deal with China was “over,” but then walked back the remark and clarified that the Phase 1 trade deal “continues in place” in subsequent statements to the Wall Street Journal and Bloomberg News. President Donald Trump added in a Twitter post Monday evening that the China trade deal “is fully intact.” Global equities slid after Navarro’s earlier interview with Fox News, with Dow futures plunging more than 400 points before recovering. Stock futures had ... (full story)
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