White House economic advisor Larry Kudlow said today that he expects the outbreak of coronavirus to slow China’s ability to purchase massive amounts of farm products, as laid out in phase one of the trade deal with China.
Kudlow said that China has not asked for a meeting on their committment to buy $200 billion in farm, energy, and other goods over the next two years, while the deal goes into place on February 14.
Kudlow said he didn’t “wish China any ill whatsoever,” but said the coronavirus could spur business investment in the U.S.
He stated there could also be a decrease in production and exports from China, particularly from the pharmaceutical sector, as well as automobiles and automobile parts.
See Politico.
