Wilbur Ross said the outbreak of the novel coronavirus in China could be good for bringing jobs back to the U.S., as companies review their supply chains and potentially move out of China.
8 min readThis is only the sixth time such an emergency has been declared, with past examples including the Ebola outbreak and the Zika virus.Commerce Secretary Wilbur Ross on Thursday said the outbreak of the novel coronavirus in China -- which has killed at least 170 people thus far -- could be good for bringing jobs back to the United States, as companies review their supply chains and potentially move out of China.
"This is not about trade, jobs or any of that," Larry Kudlow, the director of the National Economic Council, told reporters at the White House when asked about Ross' comments. But they added,"It is also important to consider the ramifications of doing business with a country that has a long history of covering up real risks to its own people and the rest of the world."
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