Peter Navarro Claims US Navy Essentially Controls Strait Of Hormuz — Touts Trump-Xi Meeting Wins

• Navarro stated that the strategic position of the U.S. with China is now favorable following President Trump’s visit to the country.
• He also added that the tariffs on China remain where they are, while criticizing the U.S. Supreme Court for ruling against them.
• Navarro stated that the Trump administration “feels good” about where it stands with respect to China.

President Donald Trump’s Senior Counselor for trade and manufacturing, Peter Navarro, on Tuesday touted that the U.S. Navy essentially controls the Strait of Hormuz and the flow of oil from the waterway to the rest of the world.

During an interview with CNBC, Navarro touted that the U.S. has thrown out China and Russia from Venezuela and Cuba courtesy of the “Donroe Doctrine.”

Navarro also listed a slew of wins for the U.S. following President Trump’s two-day state visit to China, including the extraction of a promise from Chinese President Xi Jinping not to supply weapons to Iran amid the ongoing conflict.

Navarro Says Strategic Position With China Now Favorable

Navarro stated that the strategic position of the U.S. with China is now favorable following President Trump’s visit to the country.

“The Chinese understand that history, and we do not want them supplying manpads… they promised not to do so,” he said, while adding that he does not believe the Chinese will keep that promise necessarily.

He also added that the tariffs on China remain where they are, while criticizing the U.S. Supreme Court for ruling against them. Navarro stated that the Trump administration “feels good” about where it stands with respect to China.

Navarro also added that the U.S. has cut its trade deficit with China by $100 billion.

White House Says China Will Buy $17B Agricultural Goods Annually

The White House released a fact sheet regarding its agreement with China, stating that China has agreed to buy $17 billion worth of agricultural goods annually through 2028.

The administration stated that this is in addition to the soybean purchase commitments that China made in October 2025.

White House also stated that China will work to resolve U.S. concerns about rare-earth and critical-mineral supply chain shortages, including materials such as yttrium, scandium, neodymium, and indium. It added that Beijing will also address U.S. concerns related to restrictions on the sale of rare-earth production equipment, processing technologies, and related systems.

Meanwhile, U.S. equities declined in Tuesday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.65%; the Invesco QQQ Trust ETF (QQQ) fell 0.95%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) declined 0.29%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘extremely bullish’ territory.

The United States Oil Fund ETF (USO) was up about 1% at the time of writing, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) gained nearly 2%.

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