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White House economic adviser Larry Kudlow speaks to members of the media outside the West Wing of the White House in January. Photo by Alex Wong/Getty Images

The president's chief economic adviser Larry Kudlow disputed comments from Trump’s trade adviser Peter Navarro, who said Monday night on Fox News the U.S.-China trade deal is "over."

Details: "The U.S. remains engaged with China over the phase one trade deal signed last January and according to trade negotiator Bob Lighthizer the deal is going well. President Trump has made similar comments just recently," Kudlow told me.

  • President Trump tweeted moments after Navarro's appearance on Fox News, "The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!"

Driving the news: Navarro told Fox News the "turning point" for talks ending came after the signing of the Phase 1 deal on Jan. 15.

  • "It was at a time when they had already sent hundreds of thousands of people to this country to spread that virus, and it was just minutes after wheels up when that plane took off that we began to hear about this pandemic," he said.
  • "And I think everybody here inside the perimeter and around this country now understands that China lied and Americans died. And it’s the Chinese Communist Party. And President Trump runs the table on all three of those, especially China. So I think that this election is going to be about jobs, China, and law and order."

Yes, but: Navarro told the Wall Street Journal his comments "have been taken wildly out of context."

  • He said he was trying to make a broader point about "trust" when he made the remarks about the trade talks, according to the WSJ.
  • "I was simply speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world," Navarro added in his statement to the Journal.

Editor's note: This article has been updated with new details throughout.

Go deeper

Trump and Biden clash over COVID: "It is what it is because you are who you are"

Joe Biden attacked President Trump at the presidential debate on Tuesday for his response to the coronavirus pandemic, accusing him of panicking and failing to prepare for the crisis when he was warned about it in February.

The big picture: "It is what it is because you are who you are," Biden said, alluding to an answer Trump gave in an interview with "Axios on HBO" when asked about the 150,000+ death toll from the coronavirus. Trump responded by claiming that Biden would not have shut down travel from China in the early days of the pandemic, and he defended his administration's mass production of ventilators and protective equipment.

Sep 30, 2020 - World

House report: U.S. intelligence agencies have failed to adapt to China threat

Xi Jinping and other Chinese politicians and delegates listen to the national anthem duirng the closing of the 19th Communist Party Congress in 2017. Photo: Lintao Zhang/Getty Images

The House Intelligence Committee on Wednesday released a report finding that the U.S. intelligence community has failed to adapt to the growing threat from China, arguing that it will struggle to compete on the global stage for decades to come if it does not implement major changes.

The big picture: The 200-page report, based on thousands of analytic assessments and hundreds of hours of interviews with intelligence officers, determined that the intelligence community's focus on counterterrorism after 9/11 allowed China "to transform itself into a nation potentially capable of supplanting the United States as the leading power in the world."

Off the Rails

Episode 3: Descent into madness

Photo illustration: Sarah Grillo/Axios. Photos: Tom Williams/CQ-Roll Call, Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 3: The conspiracy goes too far. Trump's outside lawyers plot to seize voting machines and spin theories about communists, spies and computer software.

President Trump was sitting in the Oval Office one day in late November when a call came in from lawyer Sidney Powell. "Ugh, Sidney," he told the staff in the room before he picked up. "She's getting a little crazy, isn't she? She's really gotta tone it down. No one believes this stuff. It's just too much."