Reports that US would bar Chinese firms are ‘fake news’

White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019.Leah Millis | ReutersThis is breaking news. Please check back for updates.White House trade advisor Peter Navarro on Monday characterized recent reports that the U.S. is considering restrictions on Chinese companies as grossly inaccurate.”That story, which appeared in Bloomberg: I’ve read it far more carefully than it was written,” Navarro told CNBC. “Over half of it was highly inaccurate or simply flat-out false.”Navarro, a known hawk among President Donald Trump’s trade counselors, said earlier this month that he was certain that Congress would ratify the administration’s landmark United States-Mexico-Canada Agreement before the end of 2019.The importance of the agreements within the USMCA, he argued at the time, guaranteed that House Speaker Nancy Pelosi would make the accord’s approval a priority before the end of December. Since those comments, however, House Democrats have launched an impeachment inquiry into Trump over his conversation with Ukraine President Volodymyr Zelensky.The impeachment proceedings, Trump warned on Sept. 25, cast doubt on whether Pelosi will either be able to gather enough support to grant the president a political win or find enough time to take a vote.”I don’t know if Nancy Pelosi’s going to have any time to sign it,” the president said on Wednesday, adding that he believes the House leader is wasting her time on a “manufactured crisis.”

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