Skip to main content

White House chief economic adviser Larry Kudlow speaks during a television interview at the White House, in Washington, on Jan. 30, 2020.

Alex Brandon/The Associated Press

The coronavirus outbreak that began in mainland China will likely have some impact on U.S. supply chains, but the effects will probably not be catastrophic, White House economic adviser Larry Kudlow said in an interview with Fox Business Network.

The number of cases and deaths in the fast-spreading outbreak have continued to climb, spurring the United States to evacuate some of its citizens from China, issue a travel warning, and impose quarantines and a partial travel ban. Beijing has criticized the measures.

In the television interview, Kudlow played down the potential wider impact of the virus outbreak, saying: “It’s not a catastrophe. It’s not a disaster.”

Story continues below advertisement

“We’ve been through this before and I just think the impact is minimal,” he said later.

China is the biggest trading partner of the United States.

Kudlow said he thought the virus outbreak could spur business investment and lead to increases in production in the United States.

Asked if component shortages could be a result of the outbreak, Kudlow said: “Yes. To a point. It’s not across the board.”

“Chip makers are not going to be affected that much. Pharmaceuticals probably will be affected much more. Some things are kind of in the middle, when you get to automobiles and auto parts.”

Coronavirus information
Coronavirus information
The Zero Canada Project provides resources to help you manage your health, your finances and your family life as Canada reopens.
Visit the hub

Follow related topics

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies