Just five days after a productive G-20 meeting between President Trump and President Xi yielded major breakthroughs and a 90-day truce in the U.S.-China tariff war, markets reeled once again Thursday on trade uncertainty. Investors are right to be cautious — the arrest of a prominent Chinese corporate executive for alleged violations of U.S. sanctions on Iran is no small matter.

Continue Reading Below

But markets should set aside this short-term uncertainty and focus on one undeniable fact: America’s economic fundamentals are strong. President Trump’s bold policies and negotiating tactics are working.

Having served in President Trump’s Commerce Department under Secretary Wilbur Ross, I fully understand the seriousness of China’s incessant trade abuses. Chinese economic aggression and malign behavior has threatened national security and put U.S. firms at an unfair disadvantage, contributing to a $600 billion trade deficit that has killed 3.4 million American jobs since 2001. Add in some IP theft here, some cyber espionage there, and maybe it’s time to stop letting the bully steal our lunch money.

More From FOXBusiness.com…